Axian Group and GreenYellow begin expansion works on Ambatolampy solar power plant in Madagascar

MADAGASCAR – As part of the promotion of renewable energy in Madagascar, JIRAMA, a state-owned electric utility and water services company and Green Yellow Madagascar, have agreed to further expand the Ambatolampy, the biggest solar power plant in the Indian Ocean in order to increase its capacity from 20 to 40MWp as well as providing for a 5MWh of battery. The power utility says that this expansion allows a significant reduction of its production costs within the framework of its recovery plan while supporting its renewable energy objectives. As for…

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GreenYellow secures US$25m loan from FMO for development of solar plant

BURKINA FASO – French renewable energy developer GreenYellow, a unit of the Casino Group, has secured a €21 million (US$25.57m) loan by Dutch development bank FMO for its solar power plant in Nagréongo, Burkina Faso. The money will be given in three tranches of €7.9 million (US$9.62m), €7 million (US$8.52m), and €6.1 million (US$7.43m), by FMO’s Fund for Access to Energy. “We look forward to contributing to a substantial increase in production capacity from renewable resources in Burkina Faso, at lower costs,” said Huub Cornelissen, director of energy at FMO.…

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