Gigawatt Global, a solar and social development enterprise, announced a $14-million pioneering project in Burundi, one of the world’s least developed nations, at the ground-breaking ceremony for a 7,5 MW solar farm recently. The project will add 15% to the East African country’s generation capacity. This will be the largest private international investment in the power sector in Burundi in nearly 30 years, with the power being sold for 25 years to the national electric company. The construction and interconnection of the project to the national grid is expected to be concluded by the end of 2017. The project has been supported by a grant from the Energy and Environment Partnership (a Finland, UK, and Austrian fund) and the Belgian Investment Company for Developing countries (BIO) to cover the relevant studies. The project is also supported by African-EU Renewable Energy Cooperation Programme (RECP) and the Renewable Energy Performance Platform (REPP), currently engaging in project due diligence. The ceremony was attended by government officials, international investors, religious leaders and the diplomatic community.
Contact Josef Abramowitz, Gigawatt Global, Josef@GigawattGlobal.com
Source: EE plublishers