The developments were awarded the funding via the Access Co-Development Facility (ACF), a financial support mechanism for African renewables projects.
The winners are developers Mentach Energy for a 50MW wind development in Lagos, Nigeria; Ages for a 25MW solar farm in Bo, Sierra Leone; and Stucky for a 25MW solar-hydro hybrid project in Talaviana, Madagascar.
The companies will enter a joint development agreement with Access Power, which will take an equity stake in the projects and fund third-party development costs, including feasibility studies, grid studies, environmental and social impact assessments and due-diligence fees.
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