REPP-backed solar project of 7.5 MW ready for construction in Burundi

Image by: jola miziniak.

January 23 (Renewables Now) - The 7.5-MW solar photovoltaic (PV) project in Burundi is about to go under construction, its co-financier, the Renewable Energy Performance Platform (REPP), informed on Thursday.

The project was developed by Gigawatt Global Cooperatief UA, an American-owned Dutch independent power producer (IPP), in a public-private partnership with the Burundi government.

UK government-funded REPP has been championing the project since December 2016 when it provided development capital. It has also pledged to provide a construction bridge loan, part of which will be refinanced as a ten-year subordinated loan.

Africa-focused energy infrastructure investor Inspired Evolution Investment Management, through its Evolution II Fund, will provide a matching construction loan and equity investment.

Burundi’s new solar park will be built in Mubuga, in Gitega province, and create 300 part-time jobs during the construction stage.

Once it starts generating electricity, the facility's output will be purchased by Burundi's state-owned utility Regie de Production et Distribution d'Eau et d'Electricite (Regideso), which will be able to supply power to around 87,600 people and businesses.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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