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.