GreenYellow secures EUR21mn loan financing from FMO for 30 MW Nagréongo solar project
Dutch development bank FMO has signed a EUR21 million (US$25.41 million) debt package with French renewables developer GreenYellow for the 30 MW Nagréongo solar independent power producer project near Ouagadougou, Burkina Faso.
The loan is divided into three tranches with US$8.5 million from FMO A, US$9.6 million from FMO ICCF, and US$7.4 million from Energy Access Fund, FMO AEF.
The solar farm represents EUR27.11 million (US$32.80 million) of investment in the country. Once operational, it will supply electricity to the national electricity company of the West African country, Société Nationale d’Electricité du Burkina (SONABEL).
Country updates
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April 09, 2021
EAIF lends EUR29 million for the development of 30 MW solar PV project in Ouagadougou
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG) is lending the Urbasolar SAS, 80% of the capital needed for the construction of the...
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February 03, 2021
Sonabel secures EUR38.5 million fund for the 50 MW Sonabel solar PV project in Ouagadougou
The European Investment Bank has lent EUR38.5 million (US$46.53 million) financial and technical support to the solar power plant operated by national electricity authority Sonabel, in Ouaga...
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February 06, 2020
Urbasolar starts construction of 30 MW solar project in Pa
French renewable energy developer and a unit of Axpo Holding, Urbasolar, has commenced the construction of a 30 MW solar photovoltaic plant in the municipality of Pa in Balé province of Bu...
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June 13, 2018
MoU signed for US$1 billion renewable projects in West Africa
Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billio...
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March 16, 2018
Total Eren and partner Africa Energy Management Platform (AEMP) have inaugurated the solar project
Total Eren and partner Africa Energy Management Platform (AEMP) have inaugurated the solar project. The event was attended by Burkina Faso president Roch Marc Christian Kabore
