ADB approves $18.17 million for the »Kopere« solar project in Kenya
Post date: 04/12/2018 - 18:41
The African Development Bank (ADB) has approved a $18.17 million senior loan to the 50 MW »Kopere« solar power project owned by French wind and solar power producer Voltalia. The Bank is also in the process of securing a $11.6 million concessional loan from the Climate Investment Fund's Scaling-up Renewable Energy Program (SREP).The »Kopere« project, which falls under Kenya's Renewable Energy Feed-in-Tariff (FiT) policy, encompasses the design, construction and operation of a 50 MW solar PV power project in Nandi County about 300 km North-West of Nairobi. The project also involves the construction of a 33/132 kV substation, and an 1.8 km transmission line to evacuate the electricity to the national grid. Implementation of the project will commence in 2019.
In May 2018, Voltalia has entered into a framework agreement with Chinese solar module producer Suntech Power Co. to purchase up to 304 MW of solar panels until June 2019 to be used, beneath others, in the »Kopere« project. The project is expected to generate around 106 GWh per year. The power sale contract has been signed in May as well. The »Kopere« project benefits from a 20-year electricity sale contract signed with Kenya Power and Lightning Company (KPLC), the Kenyan electric power utility.
According to Amadou Hott, the Bank's Vice-President for Power, Energy, Climate Change and Green Growth, »this project could potentially be Kenya's first utility-scale solar PV project under the Feed in-Tariff Policy.«