Access Infra Africa will partner with Quaint Global Energy Solutions to build a $100m Nigerian solar project, after the developer won its early-stage renewable project competition.
The two have signed a joint development agreement to build the 50MW Abiba Solar Project in Kaduna state in northwest Nigeria. Once completed, the solar project will generate 82,500 MW/hours of clean energy, enough to meet the daytime demands of 600,000 Nigerian households.
The project beat 55 proposals from 18 countries to win the Access Co-Development Facility competition, a $5 million platform designed to gain funding for early-stage renewable projects by catalysing over $100 million in investments. The four shortlisted finalists were the Abiba project, Flatbush Solar's 20MW project in Cameroon, ADA Solar Energy's 20MW solar plant in Ghana and a 10MW project in Tanzania from Wagonanze Investments. Quaint's project and Flatbush Solar's Cameroon scheme were declared the inaugural winners at the Africa Energy Forum in June.
The 2016 competition will launch in February.
Access Infra Africa is a joint venture between developers Access Power and EREN. The investment vehicle has targeted a portfolio of projects across Africa, some conventional and some renewable, worth more than $500 million. At the time, its partners labelled it as “the largest privately-funded vehicle” targeting early-stage renewable development projects in Africa.
This article was first published on Low Carbon Energy Investor , Infrastructure Investor's sister publication focused on global energy transition markets.
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