Axian expands Ambatolampy solar project to 40 MW with 5 MWh energy storage
Green Yellow Madagascar, the joint venture of Axian Group and Green Yellow, expands the total capacity of the solar photovoltaic project in Ambatolampy to 40 MW and will add a 5 MWh of energy storage in the Vakinankaratra region of Madagascar.
GY Madagascar doubles the project capacity from an initial 20 MW after an agreement with Madagascar’s energy utility Jiro Sy Rano Malagasy (JIRAMA). The developer is investing up to EUR17 million (US$20.15 million) in the project. The project is expected to be operational by the end of 2021.
The first phase of the development of the project is supported by Société Générale, GuarantCo (the guarantee division of the Private Infrastructure Development Group and the Africa Guarantee Fund), alongside the Banque Malgache de L’ocean Indien and BNI Madagascar.
Country updates
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November 26, 2020
Bamboo Capital Partners appointed as international fund manager for OMDF in Madagascar
The Government of Madagascar in partnership with the World Bank has appointed Bamboo Capital Partners as the international fund manager for the Off-Grid Market Development Fund (OMDF). The US$4...
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October 09, 2019
Jovena, Africa50, SN Power, Colas to develop 120 MW hydro project in Madagascar
The leading local industrial player in Madagascar, Jovena, has partnered with Africa50, the pan-African infrastructure investment platform, SN Power, and Colas for the development of a 120 MW hyd...
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March 04, 2019
Madagascar to develop Sahalona hydropower project
The Government of Madagascar is developing a 19 MW hydropower facility named "Sahalona Hydropower Project" in partnership with the African Development Bank (AfDB). In July 2018,...
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September 05, 2018
Groupe Filatex and meeco Group to develop hybrid solar projects in Madagascar
Swiss renewable energy company The meeco Group has announced that it has signed a cooperation agreement with Groupe Filatex regarding the development of clean energy generation in...
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March 02, 2018
Madagascar’s Ministry of Water, Energy and Hydrocarbons (MEEH) have announced the list of pre-qualified bidders for the project
Madagascar’s Ministry of Water, Energy and Hydrocarbons (MEEH) have announced the list of pre-qualified bidders for the project. The pre-qualified developers will receive a formal invite to access the project’s data room and to submit their final proposals for the project
