Middle Band Solar One Solar PV Park is a 157MW solar PV power project. It is planned in Kogi, Nigeria. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2025. Buy the profile here.
The project is being developed by Alten Energias Renovables and Middle Band Solar One. Alten Energias Renovables, International Finance, Green Continent Partners, Nemoante and Inspired Evolution Investment Management are currently owning the project having ownership stake of 60%, 20%, 6.67%, 6.67% and 6.66% respectively.
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 $273.913m.
The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.
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.
For more details on Middle Band Solar One Solar PV Park, buy the profile here.
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.