Mubuga solar plant marks Burundi’s first grid-connected project
Burundi: Gigawatt Global’s solar plant will become the 1st grid-connected project supported by the Renewable Energy Performance Platform to begin full construction.
Burundi: Gigawatt Global’s 7.5 MW solar plant in Burundi is to become the first grid-connected project supported by the Renewable Energy Performance Platform (REPP) to begin full construction.
The project is also the first grid-connected solar development by an independent power producer (IPP) in Burundi. It is hoped the success of the venture will pave the way for further foreign investment into the country’s renewable energy sector by demonstrating the government’s increased capacity – and willingness – to enter into bankable power purchase arrangements.
Full construction works on the plant in Mubuga, in Gitega Province, is set to begin imminently after Notice to Proceed was issued earlier this week.
Upon or after the project’s commercial operations date, part of REPP’s construction bridge loan will be refinanced as a 10-year subordinated loan.
Source: ESI-Africa