Zina Solar PV plant

active

Prospective

The project consists of the development, financing, construction, operation and maintenance of a 26.6MW solar PV power plant in Burkina Faso. The plant is located on a site of approximately 45 hectares in Zina village, Kona municipality, about 180km from the capital, Ouagadougou. The electricity generated will be sold to SONABEL, the state-owned power utility, under a 25-year Power Purchase Agreement. The project will be connected to the national grid via a 7.8 kilometer transmission line. The project company - is Zina Solaire S.A., was 95.0% owned by Windiga Energy Inc. and 5.0% owned by the Government of Burkina Faso. After a several years of delay, Windiga's stake was acquired by AMEA Power in March 2021, at which point development resumed. The new ownership is AMEA Power with 90% and the Government of Burkina Faso with the remaining 10%. The total cost is approximately EUR44 million ($46.4 million). The project is financed by the International Finance Corporation (IFC), the IFC-Canada Climate Change Program and the Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG). Financial close was achieved on 10 May, 2022. Realfin https://www.ijglobal.com/articles/164198/fc-for-dusted-off-zina-solar-ipp https://www.esi-africa.com/solar/zina-solar-power-plant-in-burkina-faso-reaches-financial-close/ https://disclosures.ifc.org/#/projectDetail/SII/36857 https://ameapower.com/amea-power-gets-financing-for-26-6-mw-solar-project-in-burkina-faso/

Energy

World Bank Group

Project

Solar, Power Generation (CCGT), Power Transmission, Government, Commercial