As projects are finalised, details will be added below.
Nova Scotia Solar Plant in Nigeria
A Joint Development Agreement with Scatec Solar, Norfund and Africa50, for development of a 100MWDC solar power plant in Jigawa state, Nigeria. Total project cost will be about $150 million, with financial close expected in 2017 and operations in 2018.
- Project development and long-term equity partner (24%): Facilitate interactions with government entities and prospective leaders, particularly AFDB.
- Strong Partners: Senior debt will be provided by OPIC, Islamic development Bank, and AFDB.
- Strong Fundamentals: Reliable solar resources and direct access to the grid under a 20 year Power Purchase Agreement with Nigerian Bulk Electricity Trading.
- Strong development Impact: The plant will produce about 200GWh of power per year, contributing to the state’s $2 billion development plan, and helping Nigeria meet its climate change commitments, with an estimated 120,000 tons of CO2 emissions avoided annually.