Globeleq kicks off solar PV project construction in Kenya
Africa-focused independent power producer (IPP) Globeleq has started construction of its 40 MW Malindi solar photovoltaic (PV) project in Malindi, Kenya.
The $69-million project, located about 120 km northeast of Mombasa, recently reached financial close.
Construction will be completed within about 12 months, with the plant expected to reach commercial operation in mid-2020.
The project is one of the first IPP-owned utility-scale power plants in Kenya to reach the construction phase.
Electricity from Malindi will be sold through the national distribution company, Kenya Power, for 20 years.
Globeleq has been working with the project originator Africa Energy Development Corporation, which will retain 10% ownership of the project.
Globeleq also partnered with IDEA Power, which will bring the project to construction by providing equity, project development and construction management experience.
UK-based development finance institution CDC, as the lead arranged, had sourced $52-million in debt financing to start the project, including $20-million from German development finance institution DEG.
The appointed engineering, procurement and construction contractor Sterling and Wilson Solar have started civil and electrical construction works.
Globeleq will oversee the construction and operation of the power plant.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation