•  
  •  
  •  

Gigawatt Global completes 8.5-MW solar farm in Rwanda

Solar Farm. Author: Michael Mees meesphotography.com License: Creative Commons, Attribution 2.0 Generic

Jan 29, 2015 (SeeNews) - Dutch firm Gigawatt Global said Thursday that, alongside its project partners, it has completed the 8.5-MW solar farm in Rwanda and will hold a ribbon-cutting ceremony on February 5.

Gigawatt Global owns a 20% stake in the USD-23.7-million (EUR 21m) plant, while Norwegian photovoltaic (PV) solutions provider Scatec Solar and the Norwegian Investment Fund for Developing Countries (Norfund) hold the rest.

The project received various types of financing from the Netherlands Development Finance Co, the Emerging Africa Infrastructure Fund (EAIF), Norfund, KLP Norfund Investments, the US government and Finland’s Energy and Environment Partnership (EEP).

The solar farm, located in the Agahozo-Shalom Youth Village, has a 25-year power purchase agreement (PPA) in place with the Rwanda Energy, Water and Sanitation Authority (EWSA).

(USD 1.0 = EUR 0.885)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription