The US International Development Finance Corporation (DFC) has awarded financial support to enable construction of two wind farms in Africa.
The development bank approved a loan of up to $99 million, as well as $80 million in “political risk insurance”, to support construction of the 120MW Namaacha Wind Power project in Mozambique. Construction started in 2020.
The project is due online this year at an estimated cost of $258 million, according to “uåX˜äŠÊ˜·³Ç Intelligence, the research and data division of “uåX˜äŠÊ˜·³Ç.
Namaacha is being developed by renewables firms Eleqtra and Globeleq Mesoamerica Energy. The project will “support greater access to reliable energy,” the DFC added.
The bank has also approved $1.2 million in technical assistance to UK-based Savannah Energy, which is developing the 250MW Parc Eolien de la Tarka in Niger.
The project is still in the early planning stages and is due to be fully online in 2026, according to “uåX˜äŠÊ˜·³Ç Intelligence. It could consist of 60 turbines in total, the UK-based developer stated back in 2022. It is the first wind farm to be developed in the country.
.png)
.png)
