solar

Denham Capital said the projects considered for development will require $1bn in capital commitment. Further details on the projects were undisclosed.

GreenWish Charlotte Aubin-Kalaidjian CEO said: "We look forward to partnering with Denham for this expansion phase of GreenWish in sub-Saharan Africa.

"Independent power producers such as GreenWish are a key solution to the African electricity gap that requires more than $40bn in annual investments.

"Our strategic partnership with Denham gives us the means and scale to carry out our ambition and mission for a competitive and sustainable electrification of Africa."

GreenWish said it is planning to develop both on and off-grid projects in countries where renewable projects offer a competitive solution required to bridge the power gap, without subsidies.

It also intends to offer business to business solar hybrid solutions to energy intensive industries, including telecom operators, mining and commercial off-takers.

At present, GreenWish, in partnership with French construction group Vinci, is developing a 20MW solar project in Bokhol, next to Senegal’s border with Mauritania.

Scheduled to be completed in October 2016, the Senergy II project is claimed to be the largest solar independent power producer project being built in sub-Saharan Africa.

Denham Capital director Jens Thomassen said: "Sub-Saharan Africa is the most underserved power region in the world, but with a tremendous potential."

According to International Energy Agency estimates, more than 600 million people in sub-Saharan Africa have no access to electricity.


Image: GreenWish plans to offer business to business solar hybrid solutions to energy intensive industries. Photo: courtesy of Naypong/ FreeDigitalPhotos.net.