Middle Eastern renewable energy company AMEA Power has signed an agreement with the Ivory Coast government for a solar PV project.
Located in the city of Bondoukou in northeastern Ivory Coast, the project will be the first solar independent power project in the country. Adopting a build-own-operate and transfer model, the project, requiring a US$60 million investment, will be fully developed by AMEA Power and generate more than 85GWh of clean energy a year.
The offtaker for the project will be Compagnie Ivoirienne d’Electricité, a company responsible for the electrical network throughout Ivory Coast.
“The region has a great amount of untapped potential for renewable energy and green hydrogen. As AMEA Power expands its investments across Africa, we will work in partnership with governments, businesses and local communities to develop projects,” said Hussain Al Nowais, chairman of AMEA Power.
The agreement will be part of the Ivory Coast government’s plan to raise the share of renewable energy in the country’s electricity generation mix to 42% by 2030.
[Simon Yuen]
More: AMEA Power closes deal for 50MW solar PV plant in Ivory Coast