GreenYellow secures EUR21mn loan financing from FMO for 30 MW Nagréongo solar project
Date
June 15, 2021
Type
Projects
Subtype
Project in planning
Countries
Burkina Faso
Subsectors
Photovoltaic
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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).
