James Eedes, Head of Project Finance at Inspired Evolution, said: “This is a pioneering project in many ways, both to open up the Independent Power Production market in Burundi and to crowd in funders and credit enhancement providers to realise a complex but strategically important clean energy generation project for the country.”
EPC contractor Voltalia has started full construction on the project, which was developed by Gigawatt Global, a US-Israeli developer specialising in frontier markets. Gigawatt Global will continue to oversee the construction and operation of the plant.
The high-development impact project promises to bring power to over 87,000 people and businesses and provides 300 part-time jobs during construction with support for up to 50 permanent jobs during the operational phase. The project is also the first grid-connected solar PV development by an independent power producer (IPP) in Burundi.
Michael Fichtenberg, Managing Director of Gigawatt Global Burundi SA, said: “Bringing clean energy to one of the world’s least developed countries fulfils Gigawatt Global’s mission to be a premier impact platform of choice for renewables in Africa.
Christopher Clarke, Managing Partner at Inspired Evolution, congratulated all parties involved in getting the project to this stage and for their part in helping to realise a high development impact solar PV generation plant in Burundi.