Dédougou Solar PV Plant (18MW)

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The project comprises the construction, ownership, operation and maintenance of a 18 MWp solar PV plant and interconnection facilities, located in Dedougou, in the province of Mouhoun, the Boucle du Mouhoun region in Burkina Faso. The Sponsors are MIHIA Holding S.A.S (70% shareholding) and Syscom Network SA (30% shareholding). MIHIA Holding was established in 2021 as an investment platform, and is a joint venture between Qair International (“Qair”) (51%) and STOA (49%). As one of the first independent power producer (IPP) projects in Burkina Faso, the Dédougou solar project has secured a 25-year Power Purchase Agreement (PPA) with the national utility, SONABEL. The project faced financial challenges due to cost increase. In September 2024 the African Development Bank (AfDB) provided a loan for the finalization of the project of $2.8m (EUR2.5m) and a grant of $3.9m (EUR3.5m) or $6.7m in total through the Sustainable Energy Fund for Africa (SEFA). The Bank's funding is part of Desert-to-Power initiative. The Dutch Entrepreneurial Development Bank FMO provided a loan of EUR10.9m in June 2024, after a loan provided in 2020 of EUR8.4m. The total is EUR19.3m or $21m, making the total project cost $27.7m. https://www.qair.energy/burkina-faso-qair-receives-approval-for-e6-million-concessional-financing-package-from-the-sustainable-energy-fund-for-africa/ ; https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-groups-sustainable-energy-fund-africa-approves-eu6-million-desert-power-burkina-faso-solar-project-74432 ; https://www.afdb.org/en/documents/burkina-faso-desert-power-dedougou-18mw-solar-pv-sefa-project-summary-note ; https://www.fmo.nl/project-detail/63740 ; https://www.fmo.nl/project-detail/58719 ; https://www.pvknowhow.com/afdb-approved-eur-6-m-for-dedougou-solar-project/ https://www.qair.energy/burkina-faso-qair-receives-approval-for-e6-million-concessional-financing-package-from-the-sustainable-energy-fund-for-africa/ ; https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-groups-sustainable-energy-fund-africa-approves-eu6-million-desert-power-burkina-faso-solar-project-74432 ; https://www.afdb.org/en/documents/burkina-faso-desert-power-dedougou-18mw-solar-pv-sefa-project-summary-note ; https://www.fmo.nl/project-detail/63740 ; https://www.fmo.nl/project-detail/58719 ; https://www.pvknowhow.com/afdb-approved-eur-6-m-for-dedougou-solar-project/