Middle Band Solar One Solar PV Park is a 157MW solar PV power project. It is planned in Kogi, Nigeria. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 157 | – | 157 | Permitting | Kogi, Nigeria | Alten Energias Renovables; Middle Band Solar One |
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Description
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The project is being developed by Alten Energias Renovables and Middle Band Solar One. The project is currently owned by Alten Energias Renovables with a stake of 60%, International Finance with a stake of 20%, Green Continent Partners, Inspired Evolution Investment Management and Nemoante.
Middle Band Solar One Solar PV Park is a ground-mounted solar project which is planned over 400 hectares.
The project is expected to generate 255,000MWh of electricity. The project cost is expected to be around $286.525m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Nigerian Bulk Electricity Trading under a power purchase agreement. The offtake capacity is expected to be 100MW.
About Alten Energias Renovables
Alten Energias Renovables SL (Alten Energias) is a renewable energy company. It develops, finances and operates solar photovoltaic power plants. The company offers services such as construction and engineering, design and development, operation and maintenance, and investment and funding services. It also provides technical support and supervision services. Alten Energias solar farms and develops Greenfield projects. In addition, the company offers integrated energy solutions for photovoltaic projects. It develops photovoltaic power plants in Southern Europe, Latin America, Southern Africa, Asia and North America. The company has operations in the Netherlands, Spain and Mexico. Alten Energias is headquartered in Spain.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
