Nigeria: New partners for Bauchi solar

Gigawatt Global’s Nigerian arm, Nigeria Solar Capital Partners (NSCP), signed a joint development agreement on 9 September with Globeleq Advisors Limited and the ARM-Harith Infrastructure Fund to fund and co-develop a 100MW solar photovoltaic project in Bauchi State. The project has a signed 20-year power purchase agreement with Nigerian Bulk Electricity Trading, and the parties anticipate reaching financial close in summer 2017. The ARM-Harith Infrastructure Fund is a private equity fund based in Nigeria with a targeted fund size of $250m. It has been set up to invest in infrastructure projects and companies across West Africa, with a focus on Nigeria.