British renewable energy company Blue Energy announced that it will finance and develop a $400 million solar project in Africa, PV-Tech reported.
The large- scale, 155MW PV project will be set up in Nzema, Ghana, and upon its completion it stands to be Africa’s largest PV project to-date, as well as one of the biggest of its kind in the world.
Douglas Coleman, special projects director at Blue Energy, said that Ghana's Energy Commission and the country's Public Utilities Regulatory Commission have given the company the necessary license as well as a feed-in tariff for the plant’s 20-year operational life.
According to the report, the facility will be built by Mere Power Nzema, a subsidiary of Blue Energy, on a 183-hectare site in Western Ghana.
BE has been able to secured a 100-year lease on the site, planning permission and permission to connect to the grid.
The Nzema project will utilize some 630,000 polycrystalline 245w PV modules which will help to generate an estimated annual output of 240GWh.
Upon completion, the plant will be directly connected to the 161kV West African Power Pool power grid, which runs alongside the site, and links Ghana to Ivory Coast, Togo, Benin and Nigeria.
Construction is scheduled to begin in Q4-2013 and the facility is expected to be fully operational by October 2015.