Norwegian Company Partners with IFC for Solar in West, Central Africa

Norwegian PV company Scatec Solar signed an agreement with the IFC to develop solar power projects that will supply renewable energy in parts of West and Central Africa. The group will develop, design, finance, construct, and operate solar PV plants each with a capacity of 10 MW with projects beginning in Benin, Burkina Faso, Cameroon, Niger, and Togo.

 

Raymond Carlsen, Chief Executive Officer of Scatec Solar, said, “Joining forces with IFC InfraVentures allows us to combine Scatec Solar’s know-how in photovoltaic development, installation and operations with IFC’s expertise in financing and working with governments in a region where limited supply of electricity is one of the major challenges for growth. We believe that this partnership will be of great value to the countries we work in by reducing the time required from project development to power generation.”

 

Bernie Sheahan, IFC Director for Infrastructure in Africa and Latin America, said, “Solar power generation has great potential, but has had limited traction in Africa Scatec Solar brings solid know-how in solar energy and a strong commitment to Africa that make it an ideal partner for IFC to stimulate private sector investments in renewable energy.”

 

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