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August 1, 2018

Lekela reaches financial close on 158.7MW wind power project in Senegal

Renewable power generation company Lekela has reached financial close on its 158.7MW Taiba N’Diaye wind power project in Senegal.

Renewable power generation company Lekela has reached financial close on its 158.7MW Taiba N’Diaye wind power project in Senegal.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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The company is engaged in delivering utility-scale projects across Africa, with Taiba N’Diaye being the first utility-scale wind farm in the country.

Set to operate under the name Parc Eolien Taiba N’Diaye, the wind project will feature 46 Vestas wind turbines, each able to produce 3.45MW of clean and reliable energy.

“The Taiba N’Diaye wind farm is expected to provide over 450,000MWh of energy per year for over two million people.”

The Taiba N’Diaye project is located 70km north of Dakar in Senegal and construction works at the site are expected to begin shortly.

Once fully operational, the Taiba N’Diaye wind farm is expected to provide more than 450,000MWh of energy per year for more than two million people.

Lekela COO Chris Ford said: “This is a major milestone for Senegal, and for Lekela. As the first utility-scale wind power project in the country, Taiba N’Diaye forms a critical component of Senegal’s clean energy strategy.

“The project will create an impact that lasts for generations. We have many people to thank in getting to this point, not least the communities, partners and stakeholders who we’ve worked closely with in recent months.

“Taiba N’Diaye is just one of several Lekela projects currently in operation, construction or development. At present, the company’s pipeline consists of over 1,300MW across projects in Egypt, Ghana and South Africa, as well as Senegal.”

The project is expected to contribute up to $20m to the local community over the life of the wind farm and cut down more than 300,000t carbon emission per year.

In addition to clean energy, the project is expected to create 400 employment opportunities during the peak construction period.

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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