Lekela Power, the Pan-African renewable energy generation platform delivering utility scale wind and solar power in the region, has completed the acquisition of codevelopment rights and sole rights to invest in the 158 MW Taiba Ndiaye Wind Project in Senegal.
The project offers a lowest cost power solution to the exciting and expanding power market of Senegal. Lekela anticipates reaching financial close this year.
Lekela’s current portfolio in construction and development is in excess of 1.3 GW with projects in Egypt, Ghana, South Africa and now Senegal. It is a joint venture between Actis, an investor in growth markets and global renewable energy developer Mainstream Renewable Power.
Chris Antonopoulos, Lekela’s CEO said:
“Energy is critical to the African continent and its continued growth. Lekela is uniquely positioned as a long term investor to provide clean, secure, reliable and competitive renewable energy in Senegal and across Africa’’.