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 west of Bamako, the solar project will have a total production capacity of 50 megawatts. When construction is completed in 2020, the project will become the largest solar farm in West Africa and one of the largest in Sub-Saharan Africa.

The build, own, operate and transfer (BOOT) concession for the project was signed in 2015 on a 30-year basis with a 28-year power purchase agreement with national power company Energie du Mali (EdM). It is the first utility-scale renewable project in Mali and was the brainchild of R20-Regions of Climate Action’ NGO.

The solar plant is intended to generate social benefits including creating local and sustainable jobs for Malian people. At full capacity it is expected to provide over 91,700 households in Mali with green electricity and save more than 51,700 metric tonnes of carbon emissions each year.