The Emerging Africa Infrastructure Fund will finance 80 % of the construction of Urbasolar SAS new solar plant. The plant will be located near the town of Pâ, 250 km south-east of Ouagadougou and it will supply electricity to Burkina Fasos power utility, La Société National Délectricité Du Burkina Faso (SONABEL).
The ground-mounted photovoltaic power plant will have a peak power of 29,967.84 kWp. The plant will be connected to the grid via a 2 km cable to a nearby substation. Emerging Africa Infrastructure Fund (EAIF) is the sole lender to the project and will provide $35.5 M of the estimated $42.2 M development close. Urbasolar was selected as the developer following a competitive tender process run by SONABEL. They will build and operate the plant and construction is forecast to be completed within 18 months.
Burkina Faso has a population of nearly 20 million people but more than 40% of its people live below the poverty line. The country has one of the worlds lowest rates of electrification. Because of a shortage of installed energy generation capacity, Burkina Faso needs to import electricity from neighbouring states. The Urbasolar project is one of the first of the new green energy plants. Around 280MW is expected to be commissioned over the next three years
Link to the news: https://www.esi-africa.com/industry-sectors/generation/solar/burkina-faso-to-get-30mw-solar-plant-for-national-grid/