The Nigerian industrial group was granted funds to conduct the feasibility study for the 100 MW facility by the USTDA. The plant would be built in Kano State, in the north of Nigeria, where the two companies are also planning to construct a 1 GW coal power plant.
The $1.65 million loan will be used to co-finance a 50 MW solar facility under development in Nigeria’s Kaduna State. The company expect to reach financial close for the project by the end of this year.
Nigeria’s Ministry of Power has signed two put/call option agreements with local solar developers Afrinegia Nigeria Limited and CT Cosmos Nigeria Limited. The two companies are planning to build two PV plants with a combined capacity of 120 MW.
The Paris-based private renewable power producer focusing on Sub-Saharan Africa has announced it is to invest $280 million in new PV power plants in Nigeria.
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