East Africa’s biggest solar project starts operations

the-soroti-power-plant-in-ugandaFrom HASSAN ONYANGO in Kampala, Uganda
KAMPALA, (CAJ News) – EAST Africa’s largest solar plant, the US$19 million Soroti Solar project, has begun operations.
Made up of 32 680 photovoltaic panels, the new 10 megawatt facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40 000 homes, schools and businesses in the area.
Located on a 33-acre plot of land in Soroti District, the power plant has the potential to increase its net output capacity by a further 20MW of solar energy
D’Ujanga Simon, Minister of State for Energy, together with representatives of Access Power , EREN RE,and donors celebrated the inauguration of the solar power plant on Monday.
The project was developed under the Global Energy Transfer Feed in Tariff (“GET FiT”) (www.GetFiT-Uganda.org), a dedicated support scheme for renewable energy projects managed by Germany’s KfW Development Bank in partnership with Uganda’s Electricity Regulatory Agency (ERA) and funded by the governments of Norway, Germany, the United Kingdom and the European Union.
The GET FiT programme helps renewable energy sources become more affordable and therefore more accessible in Eastern Africa.
The Soroti Solar Plant is in part funded by the European Union – Africa Infrastructure Trust Fund through the GET FiT Solar Facility equivalent to €8,7 million in the form of result-based premium payments per kWh of delivered electricity.
The project is financed by a mix of debt and equity with the senior debt facility being provided by FMO, the Netherlands Development Bank, and the Emerging Africa Infrastructure Fund (EAIF).
-CAJ News

Short URL: http://cajnewsafrica.com/?p=16969

Posted by on Dec 12 2016. Filed under Africa & World, Coal, Energy, Featured, Finance, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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