From Out Law
Canadian-based Windiga Energy has signed an investment agreement with the government of Burkina Faso to “become the first independent solar energy producer” in the country.
Windiga said Siemens Energy Smart Generation Solutions has been selected to build and operate the 20-megawatt photovoltaic (PV) plant in Zina, 200 kilometres west of the nation’s capital Ouagadougou, which the firm said will be the largest PV power station in sub-Saharan Africa.
The $50 million project is scheduled for completion at the end of 2015. Under the terms of the deal, a power purchase agreement will also be finalised for the National Electricity Company of Burkina Faso (Sonabel) to purchase all electricity produced by the facility for 25 years.
Windiga’s president and chief executive officer Benoit La Salle said: “We are very pleased with the support that we received from both the governments of Burkina Faso and Canada, allowing us to conclude this strategic agreement that will bring about the construction of a major renewable energy project and the launch of the solar energy industry in Burkina Faso.”
La Salle said: “This power plant will also contribute to the economic development of the region.”
Founded in 2010, Windiga is focused on developing renewable energy facilities in sub-Saharan Africa. The company is co-owned by private investors as well as Dundee Energy Limited, an energy sector investment company.
Read more at Out Law
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