Lekela commits to funding Taiba Ndiaye Wind Project

SENEGAL, Capital Markets in Africa: Lekela Power, a joint venture between leading growth markets investor, Actis (USD$6.3bn funds under management) and global renewable energy developer, Mainstream Renewable Power (over 10,000 MW in development, construction and operations) announced the acquisition of co-development rights and sole rights to invest in the 158 MW Taiba Ndiaye Wind Project in Senegal.

Lekela is a Pan-African renewable energy generation platform delivering utility scale wind and solar power in the region as part of its growth strategy.

The Taiba Ndiaye Wind Project offers a lowest cost power solution to the exciting and expanding power market of Senegal. With a committed and experienced team driving project development, Lekela anticipates reaching financial close this year.

Chris Antonopoulos, Lekela’s CEO said: “Energy is critical to the African continent and its continued growth. Lekela is uniquely positioned as a long term investor to provide clean, secure, reliable and competitive renewable energy in Senegal and across Africa.”

Lekela’s current portfolio in construction and development is in excess of 1.3 GW with projects in Egypt, Ghana, South Africa and now Senegal.

Lekela commits to funding Taiba Ndiaye Wind Project.