The Ambatolampy photo voltaic plant
Picture:
Inexperienced Yellow
Axian says it has secured funding to construct 20 MW of further photo voltaic capability and 5 MWh of storage on the Ambatolampy solar energy station within the island nation of Madagascar.
The undertaking at present consists of 40 MW of PV and 5 MWh of storage and is the biggest grid-connected photo voltaic plant within the Indian Ocean area, based on Axian. It’s operated by Axian and French unbiased energy producer (IPP) Inexperienced Yellow. Axian didn’t say when the expanded facility would change into accessible.
The enlargement obtained MGA 47.1 billion in financing within the type of a credit score facility, coated by a credit score assure with a nine-year tenor. French monetary providers supplier Société Générale is the lead lender. UK-based GuarantCo supplied a assure of MGA 23.6 billion and the African Assure Fund (AGF) provided a assure of MGA 9.4 billion.
GuraantCo and AGF have already financed the primary section of the Ambatolampy undertaking in 2020. Inexperienced Yellow and Axian additionally began working one other 1.8 MW PV undertaking in Antalaha, in northeastern Madagascar, in late January.
Based on statistics from the Worldwide Renewable Power Company (IRENA), Madagascar has not put in any new photo voltaic capability since 2018.
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