wind

Senegal

American Capital Energy to fund Senegal’s first industrial-scale wind farm

American Capital Energy & Infrastructure (ACEI) has announced its commitment to invest in Senegal's first industrial-scale wind power project and the largest wind farm planned in West Africa.
American Capital Energy to fund Senegal’s first industrial-scale wind farm

The 151.8 MW project will help Senegal to reduce its reliance on high-cost oil-fired power generation. It will be located in Taiba Ndiaye in Senegal, approximately 75 km northwest of Dakar and will help the Senegalese government to diversify the country’s energy mix and improve energy security. Power from the project will be sold to Senegal’s national utility company, Senelec (Societe Nationale d'Electricite du Senegal) under a 20-year power purchase agreement signed in December 2013.

The total capital cost of the project is expected to be around 305 million euros with ACEI providing an estimated 76 million euros of equity with the remainder coming from senior and mezzanine lenders. The developer is Sarreole S.a.r.l. ("Sarreole") based in France. Construction of the plant will take place over three years, adding 50.8 MW in three phases of development. Chapin International & Co is acting as the project development and financial advisor for the project.

“This project makes a lot of sense for Senegal - both from an economic as well as an environmental standpoint” said Paul Hanrahan, CEO and co-founder of ACEI. “Senegal's impressive economic growth requires more electric generating capacity to be built as its electrification rate is well above average for the Sub-Saharan region.  In addition, the Senegalese Government has stated that it is committed to shifting from diesel-based power generation to lower-cost energy sources, such as wind power, to lower the cost of electricity, and has taken steps to further reform its electricity sector in a way that makes it an attractive place to invest. And because this is a priority project under President Macky Sall's Plan Emergent Senegal, dedicated to accelerating the country's economic growth, we are confident that the project will move ahead quickly.”

Ms. Lisa Pinsley, ACEI Director of Africa investments, added that the company is a founding partner of Power Africa, a United States Government initiative launched by President Obama that is focused on supporting economic growth and development in Africa by increasing clean and reliable access to electrical power. Through this initiative, ACEI will partner with the Overseas Private Investment Corporation as lead lender and will leverage the diverse toolkit of the Power Africa initiative to support the Project, the utility and the Senegalese economy.

American Capital Energy & Infrastructure specialises in the management of investments in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks as well as product and service companies focused on the power and energy sectors. The company recently closed financing of a 36MW wind farm in Jamaica, which began construction earlier this year. It will also add low-cost wind-powered electricity to help diversify away from high-cost diesel generation.

For additional information:

American Capital Energy & Infrastructure (ACEI)

cerrajeros madrid centro
Countries like Senegal are an amazing source of energy to explote. Great iniciative. _______ Si buscas cerrajeros madrid centro contacta con nosotros. Servicio de cerrajería 24 horas. Llama al 608 163 499
fhopepack
The packaging machine from www.fhopepack.com helps your save the packaging material
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).