The companies will co-develop the 225MW wind farm until financial close, which is expected in 2015.
Located 40km from Accra on the east coast of Ghana, the wind farm is expected to produce about 10% of Ghana’s total electricity generation capacity which is currently at 2,000MW.
The wind farm is expected to commence electricity generation early in 2016.
The project, which is presently in the latter stages of development, has received all major permits with grid and offtake deals currently being finalised.
Mainstream Renewable Power chief executive Eddie O’Connor said: "This wind farm is the ideal solution for Ghana because the country needs large quantities of electricity and it needs it fast.
"Wind and solar power are the only proven technologies in the world today which can achieve the dual objectives of speed of deployment and scale.
"The AyitepaWind Farm is well advanced and can be generating electricity in less than 18 months from now. No other generation technology can match that in terms of speed of delivery."
Ghana’s Ministry of Energy and Petroleum renewable energy director Wisdom Ahiataku-Togobo said: "It is my hope that this agreement between NEK and Mainstream will accelerate the process towards the realisation of wind farms in Ghana and they can be assured of the full support of the Ministry of Energy & Petroleum.
"The project is consistent with government policy to increase the contribution of renewable energy in the electricity generation mix."
Image: The Ayitepa wind farm is located 40km from Accra on the east coast of Ghana. Photo: Courtesy of Mainstream Renewable Power.
