Mogadishu 100 MW Solar Park

PROJECT DESCRIPTION:

• Proposed installed capacity 100MWdc solar PV ground mount system
• Expected annual generation: 173,106,000 AC kWh
• Transmission and distribution not included
• Offtaker: local ESP in Mogadishu
• Total area needed: 479,600m²
• The land is secured, located about 30 km north-east of Mogadishu airport and it is available for the project.
• The land space will be allocated as follows:
  • 2°08’42.0″N 45°31’57.0″E
  • Total avoidance of C02: 6,642,749kg of CO2 per year

PROJECT LOCATION:

Mogadishu City

ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:

• Public Private Partnership (PPP) model
• Financed by investors (equity and debt)
• The SPV (special-purpose vehicle/entity) will sign a power purchase agreement with the local ESP at a price of USD 7,5¢/kWh for 25 years

ESTIMATED COST OF THE PROJECT:

USD 99 million

REMARKS:

30% equity
70% investors finance – repayment in 15 years