Market Information
Access to Finance

Uganda breaks ground on PV project

The largest East African solar PV project is now based in Uganda. The ceremony was attended by representatives from the Ugandan Ministry of Energy and project developers EREN Renewable Energy and Access Power (Dubai, UAE).

The 10MW project is owned and operated by Access Uganda Solar Ltd, a partnership between EREN RE and Access Power. The PV plant is expected to be operational and connected to the national grid in July.

The USD19M project was financed through a mix of debt and equity with the senior debt facility being provided by FMO, the Netherlands development bank, and the Emerging Africa Infrastructure Fund (EAIF).

More information in regards to the energy sector of Uganda, the regulatory framework and renewable energy potential can be found here.

Source: Alternative Energy Africa

Photo: Duke Energy

Did you find this information useful? YES NO