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 [...]
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