Mainstream Renewable Power has signed an agreement with NEK Umwelttechnik to acquire the 225MW Ayitepa wind farm in Ghana.
Located 40km from Accra on the east-coast of Ghana, the $525m wind farm is expected to commence electricity generation in early 2016.
The wind farm is set to supply approximately 10% of all the electricity generated in Ghana, which is currently 2,000MW of capacity.
Mainstream and NEK will co-develop the wind farm until financial close, which is expected in 2015.
The project, which is currently in an advanced development stage, has all the major permits with grid and offtake deals presently being finalised.
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Mainstream Renewable Power chief executive Eddie O’Connor said: "This wind farm is the ideal solution for Ghana because the country needs large quantities of electricity and it needs it fast.
"The Ayitepa wind farm is well advanced and can be generating electricity in less than 18 months from now. No other generation technology can match that in terms of speed of delivery."
Renewable energy projects developer and operator Mainstream currently has a development pipeline of over 17,000MW.
Ghana’s Ministry of Energy and Petroleum renewable energy director Wisdom Ahiataku-Togobo said: "It is my hope that this agreement between NEK and Mainstream will accelerate the process towards the realisation of wind farms in Ghana and they can be assured of the full support of the Ministry of Energy and Petroleum.
"The project is consistent with government policy to increase the contribution of renewable energy in the electricity generation mix."
Image: The Ayitepa wind farm is situated 40km from Accra on the east-coast of Ghana. Photo: courtesy of Mainstream Renewable Power.
