Akuo Group, in partnership with PASH Global, has started the commercial operation of the 50 MW solar photovoltaic project located in the town of Kita, 180 km west of Bamako in the Kayes Region, West Africa.
The project covers the electricity needs of about 120,000 Malian homes and will reduce CO2 emissions by more than 52,000 metric tons every year.
The plant’s financing was undertaken through the West African Development Bank (WADB/BOAD), BNDA (Banque Nationale du Développement Agricole), FMO (a Dutch development finance company) and EAIF (Emerging Africa Infrastructure Fund), an investment fund managed by Ninety One, for the banking part.
In 2015, the project signed on a 30-year basis with a 28-year power purchase agreement with national power company Energie du Mali (EdM).
Country updates
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February 24, 2020
Pal 4 Énergie Solaire awarded development of 100 MW solar project in Mali
The Ministry of Energy of Mali has awarded the Emirati renewables developer Pal 4 Énergie Solaire the development of a 100 MW solar photovoltaic plant that will be built in Dié...
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January 21, 2020
PASH Global buys 49.9% share in 50 MW solar project in Kita
PASH Global has acquired a 49.9 percent share in the solar photovoltaic farm in Mali being developed by independent renewable energy power producer Akuo Energy. Located in the town of Kita, 180 km we...
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December 11, 2019
Wärtsilä to provide 17 MW/15 MWh energy storage system in Fekola Mine
Wärtsilä is set to provide the energy system of the Fekola Mine, located in a remote region in southwest Mali. Wärtsilä has been contracted to design and engineer a cutting-e...
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June 06, 2019
Scatec Solar signs documents for 33 MW solar project in Mali
Scatec Solar and its partners have signed an amendment to the Segou project concession agreement with the Government of Mali. The project has been awarded economic support from Norad (The Norwegian Ag...
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February 02, 2019
Resolute Mining awards 40 MW Syama solar hybrid power project to Ignite Energy
Australian gold mine developer Resolute Mining has awarded Ignite Energy the development of the 40 MW Syama solar hybrid power plant project at the Syama Gold Mine in Mali. The hybrid...
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