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GreenWish Plans $280m Solar Plants in Nigeria

By Modupe Gbadeyanka

In a bid to improve and partly solve the electricity problems in Nigeria, a Paris-based independent power producer, GreenWish Partners, says it will invest about $280 million to put in place solar-power plants in the country.

Some of the areas being targeted by GreenWish for the huge investment include Kaduna, Jigawa and Enugu States.

The firm, founded in 2014 and with a focus on Africa, says the projects will be funded 70 percent through debt and 30 percent through equity and on completion will provide power to about 2.5 million people.

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While the plant in Enugu will produce 100 megawatts, the ones in Kaduna and Jigawa States will produce 50 megawatts each.

Speaking on the initiative in an interview in Lagos, the Chief Executive Officer of GreenWish, Charlotte Aubin-Kalaidjian, noted that, “We only take risks where solar makes sense, where it is competitive and where there is political support.”

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She said further that, “This government is very committed to developing power and renewables, especially in regions where there is no gas available.”

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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