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ALTEN Energías Renovables positions itself strongly in Sub-Saharan Africa and Latin America, through its subsidiaries ALTEN Africa and ALTEN América

ALTEN Africa has just completed financing for its photovoltaic (PV) plant in Namibia; installed capacity will be 45.5 MWp with an output of 37 MWac, and investment forecast at US$70m. 

It will be one of the most efficient PV plants in the world because of the location’s extremely high irradiation levels and also the biggest in Sub-Saharan Africa (apart from South Africa). 

ALTEN América has begun construction in Aguascalientes (Mexico), on the Solem project, a 350 MWp PV plant that will supply the electricity needs of over 400,000 Mexicans. 

This plant, one of the biggest in Latin America, has purchasing contracts for power, energy and green energy certificates (GEC) granted by CFE in Mexico’s second long-term electricity tender, in September 2016. 

ALTEN Energías Renovables is completing financing on another 52 MWp in Kenya and has a strong pipeline of business, with over 800MW at various stages of development in these two regions, both in the so-called sun belt. 
The group has generated investment worth more than US$400m in total for its projects in Mexico (US$335m) and Namibia (US$70m). Financing for its PV plant in Kenya is complete, with a mandate to DEG, together with the Dutch company FMO and the French Proparco, subsidiary of the French development agency AFD, bringing ALTEN Energías Renovables’ investment in Sub-Saharan Africa and Latin America to over half a billion US dollars. 
The financial partners in its two subsidiaries, South Africa’s Inspired Evolution (in ALTEN Africa) and the Japanese consortium Sojitz Corporation (shareholders in ALTEN América), are involved in the company’s growth process. Cubico Sustainable Investments is the company’s financial partner in the Solem Mexican plant, with planned investment of US$ 335m.

 

Madrid, 14th March 2018.-  ALTEN [...]

ALTEN Africa completes financing in Namibia of one of the biggest solar PV plants in Sub-Saharan Afric

Located in the area around Mariental, installed capacity will be 45.5 MWp for an output of 37 MWac and the plant will be one of the most efficient in the world, due to the zone’s very high radiation levels. 

With an estimated annual production of 112 GWh, the plant will occupy 100 hectares and meet the energy needs equivalent to a population of 70,000 (over 3% of Namibia’s population).

Financing has been closed with South Africa’s Standard Bank and the subsidiary of Agence Française de Développement, Proparco for a sum north of US$50m. The electricity company NamPower and the local investors First Place, Mangrove and Talyeni are taking part in the project with ALTEN Africa.

 

Madrid|Spain – Windhoek|Namibia, 14 March, 2018.-  ALTEN Africa has achieved financial closure of what will be the biggest photovoltaic solar power plant in Namibia and Sub-Saharan Africa (apart from South Africa), with installed capacity of 45.5 MWp for an output of 37 MWac, an investment forecast of US$70m and a useful life of over 25 years. The plant was put out for tender by NamPower, the country’s state-owned electricity company, which also holds a 19% stake. The power produced by the new plant will meet 3% of the country’s energy needs.

Financing has been closed with the South African Standard Bank and the he subsidiary of Agence Française de Développement, Proparco for a sum over US$50m.

ALTEN Africa has a majority stake (51%) in the investment vehicle (ALTEN Hardap), in which NamPower also has a stake (19%), together with local investors: First Place, Mangrove and Talyeni (30%) – led by eight Namibian women. They are professionals and businesswomen, aged between 35 and 55, who have seen in [...]

Namibia: ALTEN Energías Renovables wins one of the biggest solar PV plant in Sub-Saharan Africa

The new plant is being developed by Nampower, the country’s state-owned electricity company, which also holds a stake, and will meet 3% of the country’s energy needs.

Alten strengthens its position in Mexico after awarding 348MWp in solar plants in the State of Aguascalientes

Alten Renewable Energy, in partnership with Cubico, Canadian firm owned by the Ontario Teacher’s Pension Plan and the Public Sector Pension Investment Board funds, will install 290 MW (348 MWp) in total, divided in two photovoltaic power plants with 150 MW and 140 MW respectively. Both are in the state of Aguascalientes (Mexico), in the municipality of El Llano. The first will be operational in September 2018 and the second in June 2019.

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Alten Energy signed an agreement with the International Finance Corporation (IFC) to co-develop a 120-megawatt peak photovoltaic solar power project in Nigeria

The International Finance Corporation (IFC), a member of the World Bank Group, yesterday signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120-megawatt peak photovoltaic solar power project with a consortium of developers.

The project, which is based in Lokoja, Kogi State is expected to provide renewable energy supply to about 175,000 people and nearby industrial clusters, support job creation, and boost economic growth in the country, a statement from the corporation said.

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