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SkyPower to ink USD-2.2bn deal for 1 GW of solar in Kenya

Solar panels. Author: Chris Baird. License: Creative Commons. Attribution 2.0 Generic

July 24 (SeeNews) - Canadian utility-scale solar developer SkyPower Global expects to strike a USD-2.2-billion (EUR 2bn) contract this weekend to develop 1 GW of solar projects in Kenya over the next five years.

The company said in a statement today that it will sign the agreement with the Kenyan Ministry of Energy and Petroleum in Nairobi at the Global Entrepreneurship Summit (GES) on July 26. It gave no further details prior to the signing.

At present, SkyPower has a pipeline of utility-scale solar photovoltaic (PV) projects surpassing 25 GW of combined capacity, including 6 GW that will be developed in Egypt and Nigeria over the next five years.

Just recently, SkyPower announced it had won 150 MW of solar power purchase agreements (PPAs) in the Indian state of Madhya Pradesh's latest procurement process.

(USD 1.0 = EUR 0.914)

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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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