AMEA Power, a fast-growing renewable energy company, has signed a concession agreement and 25-year power purchase agreement (PPA) with the Government of Côte d'Ivoire for a 50MW solar PV project
The signing ceremony took place in the presence of Tiemoko Meyliet Koné, vice president of Côte d'Ivoire. The concession agreement was signed by Mamadou Sangafowa-Coulibaly, Minister of Mines, Petroleum and Energy of the Côte d'Ivoire, and Hussain Al Nowais, chairman of AMEA Power.
The project will be the first solar independent power project (IPP) in Côte d'Ivoire and will be located at the city of Bondoukou in the northeastern region of Gontougo. At a total investment of around US$60mn, the solar project is being fully developed by AMEA Power under a build-own-operate and transfer (BOOT) model and will generate more than 85GWh of clean energy per year. The offtaker for the project will be Compagnie Ivoirienne d'Electricité.
As part of its strategic plan, the Government of Côte d'Ivoire aims to raise the share of renewable energy in the country’s electricity generation mix to 42% by 2030.
Al Nowais commented, “AMEA Power is proud to be supporting Ivory Coast meet its clean energy ambitions, which will deliver investment, job creation and sustainable development. The country is undergoing an economic and social transition, which will be driven by the development of clean energy and is reflective of the broader continent.
“AMEA Power has a proven track record of delivering projects in West Africa. The region has a great amount of untapped potential for renewable energy and green hydrogen. As AMEA Power expands its investments across Africa, we will work in partnership with governments, businesses and local communities to develop projects.”