20 Mar '17, 12pm

GreenWish to Invest $280 Million in Nigeria Solar Plants

GreenWish to Invest $280 Million in Nigeria Solar Plants

GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar power plants in Nigeria that are expected to start producing electricity in the first quarter of next year. A plant in the southeastern state of Enugu will produce 100 MW, while the company will build two others of 50 MW each in the northern Kaduna and Jigawa states, CEO Charlotte Aubin-Kalaidjian said in an interview in Lagos. The project will be funded 70 percent through debt and 30 percent through equity and on completion will provide power to 2.5 million people, she said. “We only take risks where solar makes sense, where it is competitive and where there is political support,” Aubin-Kalaidjian said. “This government is very committed to developing power and renewables, especially in regions where there is no gas available.” Nigeria, Africa’s most populous country of m...

Full article: http://www.renewableenergyworld.com/articles/2017/03/gree...

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