November 25, 2020 Read More →

French firm Akuo commissions 50MW solar project in Mali, largest in West Africa

ESI Africa:

A 50MW solar plant west of Bamako in Mali is now the largest operational plant in West Africa.

A flagship Akuo Group project, the Kita solar plant in the Kayes Region injected its first kilowatt-hour into the Malian power grid in March 2020. The plant now covers the electricity needs of 120,000 Malian homes and will reduce CO2 emissions in the country by more than 52,000 metric tons a year.

The Kita solar plant is not only actively increasing the country’s electrification rate, but is an essential component of economic and social development. The project also puts the country, a signatory to the Kyoto Protocol of 1995, a step closer to its 2030 national renewable energy targets. SE4All says Mali has set an 87% access to energy target for 2030, with 100% access to clean cooking solutions. The country is also targeting improving the share of renewable energy sources into the electricity mix to 37% by 2030.

The plant’s financing was undertaken by the West African Development Bank, Banque National du Développement Agricole, Dutch development finance company FMO and Emerging African Infrastructure Fund, which is an investment fund managed by Ninety One.

PASH Global is Akuo’s co-shareholder on the project. Kofi Owusu Bempah and Vine Mwense, founders of PASH, said: “We are delighted to have co-invested for a 49.9 percent share in this prestigious Project, the first of its kind in Mali.” Completed by a predominantly African construction staff, the Kita solar plant is now being run by an exclusively Malian team according to Akuo Group’s press release.

Pierre-Antoine Berthold, managing director of Akuo Energy Africa: “Thanks to the Akuo Groups acknowledged expertise, which covers all production technologies and the numerous additional benefits provided to local populations through the types of projects we design, today we want to accelerate our development in Africa with a mid-term target of having plants generating a gigawatt of power from renewable energy sources.”

More: Mali: New solar plant just the beginning

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