Lekela buys rights to 158-MW wind project in Senegal

Wind turbine foundation in South Africa. Courtesy of Mainstream Renewable Power - www.mainstreamrp.com

June 22 (SeeNews) - Lekela Power, a 60/40 joint venture between private equity firm Actis and Ireland’s Mainstream Renewable Power, has acquired the rights to co-develop and invest in the 158-MW Taiba Ndiaye wind project in Senegal.

The company announced this today, saying that it expects to reach financial close on the project later this year.

At present, Lekela has more than 1,300 MW of projects under construction or in development in Egypt, Ghana, South Africa and now Senegal. Its co-owner Mainstream has over 10,000 MW of renewables in development, construction and operation.

A year ago, a unit of US asset manager American Capital Ltd (NASDAQ:ACAS) said it planned to invest EUR 76 million (USD 86m) in Senegal's first industrial-scale wind power project, located in Taiba Ndiaye.

(EUR 1.0 = USD 1.131)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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