Senegal: Taiba Ndiaye wind farm investment

Issue 303 - 26 Jun 2015
American Capital Energy & Infrastructure (ACEI), part of publicly traded private equity company American Capital Ltd, has announced that it will invest €76m ($85m) in a project to develop a 151.8MW wind farm in Senegal. The wind farm will be located in Taiba Ndiaye, around 75km north-east of Dakar, and will cost an estimated €305m. French wind and solar power developer Sarreole will retain a minority stake. The balance of the funding is anticipated from senior and mezzanine lenders. ACEI director of Africa investments Lisa Pinsley told African Energy the project aimed to reach financial close towards the end of the year.

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