Multinational renewables developer Gigawatt Global Cooperatief has signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to invest US$1 billion in renewable energy projects in the region.
Energy Finance & Investment News in Burkina Faso
Burkina Faso, Mali and Ghana Ministers of Energy to join TOTAL, CI-GNL, RLSF, APUA, ANARÉ and WAGPA at the Regional Energy Co-operation Summit in Côte d’Ivoire this January
With confirmed participation of H.E Honourable Malick Alhousseini, H.E Honourable Professor Alfa Oumar Dissa, Ghana’s Ministry of Energy, Autorité Nationale de Régulation du Secteur de l'Electricité (Anaré), TOTAL, CI-GNL, Regional Liquidity Support Facility (RLSF) and West Africa Gas Pipeline Authority Company (WAGPA), the fast approaching Regional Energy Co-operation Summit 2018 will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy markets.
EREN Renewable Energy, the developer of the 15MWc solar plant which is to power the Essakane gold mine in Burkina Faso, announced last week that the project will be financed by the Banque Internationale pour le Commerce, l'Industire et l'Agriculture du Burkina (BICIAB), a local subsidiary of the BNP Paribas group.
The African Development Bank (AfDB) has announced it will provide financing for the construction of solar plants in Burkina Faso.
The International Finance Corporation (IFC) is mulling financing the construction of a 26.8-MW Solar Power Plant in Burkina Faso.
Windiga Energy, a Canadian-based energy firm, has signed a power purchase agreement (PPA) with the National Electricity Company of Burkina Faso (SONABEL) for the construction and operation of a 20 MW photovoltaic plant located in the province of Mouhoun, Burkina Faso.