FONSIS, Meridiam and ENGIE to commission two 60 MW photovoltaic power plants

SENEGAL – Sovereign Strategic Investment Fund (FONSIS), Meridiam and ENGIE have announced the commissioning of two photovoltaic power plants in Senegal with a total production capacity of 60 MW. Kahone Solaire SA (35MW) and Kaél Solaire SA (25MW) are located respectively in the regions of Kaolack and Diourbel, in the centre of the country. These plants are part of the Scaling Solar initiative in Senegal, jointly led by the Senegalese authorities and the International Finance Corporation (IFC), which aims to promote investment in solar energy. These are the first electricity…

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Raxio Group, Meridiam partner to deploy data centres across the African continent

AFRICA – The Raxio Group, a premier pan-African data centre developer and operator, has partnered with Meridiam to deploy a network of data centres across the African continent. Meridiam is a global developer, asset and fund manager specializing in sustainable infrastructure and energy transition projects. Under the agreement, Meridiam will invest US$48 million to support the continued deployment of data centres in Africa, where both Raxio and Meridiam already have strong local presence. Meridiam’s investment is made alongside Raxio’s founding equity partner, Roha Group who established Raxio in 2018, and has been funding the company since…

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FGIS partners with French company Meridiam to construct hydroelectric power plant in Gabon

GABON – The Gabonese Strategic Investment Fund (FGIS) and Meridiam have signed a turnkey contract with Asonha Energie for the construction of the Kinguélé Aval dam and hydroelectric power plant in the Mbei region, Estuary province in Gabon. Asonha Energie has signed a turnkey contract one year after signing a public-private partnership (PPP) with the Gabonese government. The project is being developed by the Gabonese Strategic Investment Fund (FGIS) and Meridiam, a French company specialising in the development, financing and management of infrastructure projects. The consortium has set up the…

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