Scatec and IFC enter agreement to develop PV plants in West and Central Africa
June 11, 2012 - Anne Zimmermann-
|Norwegian Scatec and IFC InfraVentures are planning to develop a portfolio in five African countries. Image: Scatec
Norwegian-based Scatec Solar and IFC InfraVentures have entered an agreement to develop a number of PV plants in West and Central Africa, the companies have announced. IFC will be financing the projects while Scatec will be responsible for designing, developing, constructing and operating PV plants with a capacity of 10MW or more in different African countries. Among the first countries in which Scatec and IFC are planning to develop solar power plants are Benin, Cameroon, Togo, Niger and Burkina Faso.
Raymond Carlsen, CEO of Scatec Solar, commented on the collaboration: “Joining forces with IFC InfraVentures allows us to combine Scatec Solar’s know-how in photovoltaic development, installation and operations with IFC’s expertise in financing and working with governments in a region where limited supply of electricity is one of the major challenges for growth. We believe that this partnership will be of great value to the countries we work in by reducing the time required from project development to power generation.”