Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

<p>To reduce the dependence on coal-based power in African countries, a consortium including InfraCo Africa and Smart Energies International, has come together to develop a 60 MW solar project in the African country of Chad.</p>
<p>The consortium has entered into a 25-year power purchase agreement (PPA) with the Chad’s Ministry of Energy and the national utility La Société Nationale d’Electricité (SNE) for the development of the project.</p>
<p>The PPA will help to develop the Djermaya Solar Project by enabling the project to raise construction financing. InfraCo Africa, part of the <a href="http://www.pidg.org/" target="_blank" rel="noopener">Private Infrastructure Development Group (PIDG)</a>, has committed $3 million to the development of the project.</p>
<p>According to a statement by InfraCo Africa, Djermaya Solar is one of the first solar IPP projects in Chad. This project will be delivered in two phases of 32MWp and 28MWp, which will gradually integrate power into Chad’s national grid. The first phase is due to start delivering power in 2020.</p>
<p>Aldwych Africa Development Limited (AADL) will be the developer of the project on behalf of InfraCo Africa (a majority shareholder in the Djermaya Solar Project) apart from <a href="http://smart-energies.eu/en/" target="_blank" rel="noopener">Smart Energies.</a></p>
<p>Hugues Antoine Guinoiseau, director of Smart Energies International, said in a media statement, &#8220;This PPA marks the beginning of a long collaboration between a consortium led by Smart Energies and InfraCo Africa, the SNE and the Chadian government. The energy needs are very important in Chad – needs mostly satisfied today by polluting energies. In a country with strong sunlight like Chad, solar energy appears as a great means to expand access to a clean energy. We are happy to contribute to its deployment in Chad.”</p>
<p>Chad, like many other African countries, relies on expensive heavy fuel oil and diesel for its electricity. This makes the country vulnerable to supply failures and global price fluctuations.</p>
<p>As a result, many development focused banks are actively financing green projects across the African continent. For instance, the African Development Bank (<a href="https://www.afdb.org/en/" target="_blank" rel="noopener">AfDB</a>) recently <a href="https://mercomindia.com/african-development-bank-solar-loan/" target="_blank" rel="noopener">approved a $1.5-million grant</a> from the Sustainable Energy Fund for Africa (SEFA) to support the Nigerian government’s implementation of Phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) Solar Procurement Program.</p>
<p><a href="https://mercomindia.com/ndb-300-million-loan-south-africa-energy/" target="_blank" rel="noopener">Recently</a>, the New Development Bank (NDB), an initiative by BRICS (Brazil, Russia, India, China and South Africa) nations, has approved a $300 million loan for sustainable development projects in South Africa.</p>
<p><a href="https://mercomindia.com/world-bank-fund-kenya/" target="_blank" rel="noopener">Mercom previously reported</a> that the World Bank <a href="http://www.worldbank.org/en/news/press-release/2018/04/26/kenya-world-bank-approves-180-million-to-support-energy-sector" target="_blank" rel="noopener">approved</a> $180 million in assistance to Kenya in order to improve the financial health of the Kenya Electricity Generation Company Limited (KenGen) and to strengthen private sector financing in the of the East African country’s energy sector.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/ankita/" class="vcard author" rel="author"><span class="fn">Ankita Rajeshwari</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2018/03/ankita-edited-1.png" alt="Ankita Rajeshwari" /> Ankita is an editor at MercomIndia.com where she writes and edits clean energy news stories and features. With years of experience in the news business, Ankita has a nose for news and an eye for detail. Prior to Mercom, Ankita was associated with The Times of India as a copy editor for the organization’s digital news desk. She holds a Bachelor’s degree in Psychology from Delhi University and a Postgraduate Diploma in journalism. <a href="https://mercomindia.com/author/ankita/">More articles from Ankita Rajeshwari.</a></p>
</div></div><div class="clearfix"></div></div></div>

African Consortium Signs PPA to Develop of a 60 MW Solar Project in Chad

smart-energies-international

Get the most relevant India solar and clean energy news.

RECENT POSTS