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African renewable energy projects win

Access Power, a developer, owner and operator of renewable power projects in emerging markets, has announced the winners of the 2016 US$7 million Access Co-Development Facility (ACF), a financial support mechanism for renewable energy projects in Africa.
The winners (L-R): Albert Smith and Joachim ?Baumgaertner, Ages, Sierra Leone; Rayan Kassis, Menatach, Nigeria; Antoine Dubas, Stucky, Madagascar
Three projects from Nigeria, Madagascar, and Sierra Leone, fought off fierce competition from almost 100 entries to win a share of US$7million prize. The prize also includes a package of technical support designed to bring their renewable energy projects to life.

The winners are: Ages, a 25MW solar project in Sierra Leone; Mentach Energy, a 50 MW wind project in Nigeria; and Stucky, 25MW hydro and solar project in Madagascar. Collectively, the projects will deliver 100 megawatts of electricity to 340,000 homes.

The winners were announced in London at the 18th annual Africa Energy Forum, following a presentation by five shortlisted developers to a panel of expert judges. The judges selected the three winners based on commercial, technical and environmental merits, as well as the local regulatory environment, and capability of the project team.

Reda El Chaar, executive chairman of Access Power said: “I am delighted to congratulate today’s well-deserved winners and we look forward to working with each of them to provide the technical skills, expertise and financing to get their projects across the finish line.

“There is still a massive, urgent need for electrification in Africa and we firmly believe that renewable energy will be a significant part of the solution. This year’s ACF competition introduced us to almost 100 projects, demonstrating the scale of entrepreneurialism and ambition across the African continent to meet the electrification challenge.”

ACF 2016 saw unprecedented participation with a 75% increase in applications from the inaugural ACF 2015. Submissions came from 25 different African countries, a 40% annual uplift in the number of countries involved, with 95% of the projects submitted came from Sub-Saharan Africa, a key growth area for Access Power.


SOURCE

African Press Organisation
APO is the sole press release wire in Africa, and the global leader in media relations related to Africa. With headquarters in Dakar, Senegal, APO owns a media database of over 150,000 contacts and the main Africa-related news online community.
Go to: www.bizcommunity.com/PressOffice.aspx?cn=apogroup
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