Ambitious new player Windiga Energy signs investment agreement with Burkina Faso

Issue 281 - 11 Jul 2014 | 6 minute read
Canadian renewable power developer Windiga Energy has signed an investment support agreement with the government of Burkina Faso for a 20MW solar photovoltaic power plant. Commercial operation is expected by the end of next year, with the equity portion of the project likely to close in the coming months – it will be 95% owned by Windiga and 5% by the government for the 25-year amortisation period before being transferred wholly to the government – while debt financing should be completed around November with the African Development Bank, the Global Environment Facility and the Emerging Africa Infrastructure Fund.

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