Hogan Lovells on the financing of West Africa's largest solar power plant
19 May 2016
Its total cost is estimated at FCFA 28bn (EUR 43.2m), financed partly by the loan given by Proparco, a subsidiary of the Agence Française de Développement (AFD) focused on private sector funding.
The new power plant will supply electricity equivalent to the annual consumption of 226,500 inhabitants at a more competitive price than the country’s thermal power plants. This project combines the expertise of three French energy specialists: the Meridiam investment fund, the French manufacturer specialized in solar energy, Solairedirect (Engie), and Schneider Electric.
The Hogan Lovells team advising Proparco was led by Olivier Fille-Lambie (Partner) supported by Ariane Berthoud (Counsel) and Stéphanie Bigo (Associate) on the financing aspects as well as Bruno Cantier (Partner), Perrine Limousin (Counsel) and Natalie William (Associate) on the project side.
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