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The Government of Burkina Faso recently inaugurated Nagréongo photovoltaic power plant in Oubritenga Province. The 30 MWp solar plant is built under a public-private partnership between the Ministry of Energy of Burkina Faso and the French renewable energy company, GreenYellow.
The inauguration of the solar power plant was driven by SPES Ouagadougou, a subsidiary of GreenYellow, and the result of a shareholding agreement with the local company Africa Energy Corporation (AEC). The power produced by the Nagreongo PV plant is sold to the national electricity company of Burkina Faso, SONABEL, under a 25-year take or pay power purchase agreement (PPA) signed in 2019.
GreenYellow has received a grant of €21 million from the Dutch development bank, FMO for setting up the Nagréongo solar plant. Multilateral Investment Guarantee Agency (MIGA), the subsidiary of the World Bank Group, provided a guarantee of €4.5 million for the construction, operation, and maintenance of the power plant.
The solar project responds to the problem of energy scarcity in Burkina Faso, a country with one of the weakest electricity networks in Sub-Saharan Africa. According to GreenYellow, the level of sunshine in the country makes it suitable to meet its energy demand through the development of solar power infrastructures. In addition, deploying clean energy projects allows the country to be part of a long-term approach to combat global warming
Burkina Faso has an installed capacity of nearly 568 MW, according to Power Africa. It has only 88 MW of installed renewable energy capacity. The government of this West African country wants to increase its installed capacity by focusing on solar energy and IPP investments. This is the case of the Emirati company Amea Power, which is developing a 26.6 MWp solar power plant in Zina, a locality in the Boucle du Mouhoun region.