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PASH Global buys stake in 50-MW solar farm in Mali

Solar power plant. Source: Gamesa Electric

January 17 (Renewables Now) - UK clean power projects developer PASH Global, majority-owned by Dutch commodity trader Trafigura, on Wednesday said it has purchased a 49.9% stake in a 50-MW solar photovoltaic (PV) park in Mali.

The project, developed by French independent renewable energy producer Akuo Energy, is located in the town of Kita. When completed, which is expected to happen this year, the solar farm will be the biggest in West Africa and one of the biggest in Sub-Saharan Africa. Fully commissioned, the solar facility will supply over 91,700 homes in Mali with power and save over 51,700 tonnes of carbon dioxide (CO2) emissions a year.

The solar farm is being constructed under a 30-year build, own, operate and transfer concession signed in 2015. It will sell the power it generates under a 28-year power purchase agreement (PPA) with national power company Energie du Mali. The solar park is the first utility-scale renewable project in the country and non-profit organisation R20 - Regions of Climate Action first proposed its development.

“This is the first of a number of clean energy projects that PASH Global is looking to invest in across the globe. We are committed to building additional capacity in renewables and clean fuels across the African continent with strong and capable partners such as Akuo Energy,” PASH founders, Kofi Owusu Bempah and Vine Mwense, commented.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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