Globeleq has reached financial close of the 40 MW AC (52 MWp) Malindi Solar photovoltaic (PV) project in Malindi, Kenya and is commencing construction of the plant. The US$69-million project is one of the first IPP owned utility-scale solar power plants in Kenya to begin construction. Electricity will be sold through a 20-year agreement with the national distribution company, Kenya Power.
Africa Energy Development Corporation (AEDC), the project originator, will retain 10% ownership of the project, and its partner, IDEA Power, will bring the project to completion by providing equity, project development and construction management experience.It is expected the project will need around 250 workers during construction, many of which will be hired from the local community. Globeleq will oversee the construction and operations of the power plant.
Contact Christian Wright, Globeleq, email@example.com
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Source: EE plublishers