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Zano Solar PV Plant

Sector: Solar • Location: Burkina Faso

Source: World Bank Group

Project
Active

The total cost of the project is $ 29.46 million. The funding will be used by the French companies Qair and STOA for development and construction of Zano solar photovoltaic plant with installed total capacity of 24 MW, located in Burkina Faso. Qair and STOA provided an equity amount of $ 6.41 million. The project secured $ 23.02 million of debt financing. Debt providers are the FMO and Proparco, w

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The project “Zano Solar PV Plant” is an infrastructure initiative in the Solar sector, located in Burkina Faso. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The total cost of the project is $ 29.46 million. The funding will be used by the French companies Qair and STOA for development and construction of Zano solar photovoltaic plant with installed total capacity of 24 MW, located in Burkina Faso. Qair and STOA provided an equity amount of $ 6.41 million. The project secured $ 23.02 million of debt financing. Debt providers are the FMO and Proparco, which provided $12.71 million and $10.31 million, respectively. In June 2020, MIGA approved a guarantee covering up to $8.47 million (EUR7.9 million) of equity/quasi-equity/shareholder loans investments into the project. The guarantees will have a term of up to 20 years, providing coverage against the risk of expropriation, transfer restriction, breach of contract, and war and civil disturbance. Financial close occurred on August 23, 2021. https://ijglobal.com/data/transaction/58245/zano-solar-pv-plant-24mw-ipp

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High

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