LONDON, UK: Savannah Energy, the British independent energy firm focused throughout the supply of Projects that Matter in Africa, introduced its inaugural renewable energy project, having signed an settlement with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger for the development and operation of the country’s first wind farm, with a proposed put in energy generation capability of as much as 250 megawatts (MW) on an independent energy producer (IPP) foundation within the Tahoua Region of Southern Niger.
The proposed wind farm project, Parc Eolien de la Tarka, is anticipated to be owned by a subsidiary of Savannah, Savannah Parc Eolien de la Tarka (“SPET”), and to consist of as much as 60 wind generators with a complete energy generation capability of as much as 250 MW.
The preliminary phase of the Project will see SPET perform a24-month feasibility study which will include an evaluation to confirm the wind conditions and an evaluation as to how the generated energy would be incorporated into the nationwide and regional electrical energy grids. The project is anticipated to take benefit of the event of the West African Power Pool (“WAPP”), a excessive voltage interconnection community permitting energy exchanges between countries within the area and elevated grid stability.
Niger is scheduled to be connected to the WAPP in 2023 via a 330 kV line financed by the World Bank, the African Development Bank (“AdB”), the European Union and the Agence Française de Développement (AfD”).
Subject to the deliberate feasibility study confirming the final scale of the Project, Parc Eolien de la Tarka is anticipated to produce as much as 600 gigawatt hours per year of electricity. The construction phase of the Project is anticipated to create over 500 jobs, whereas the Project has the potential to reduce the price of electrical energy for Nigeriens and keep away from over an estimated 400,000 tonnes of CO2 emissions annually.
Parc Eolien de la Tarka is additionally intended to be able to exporting energy to neighbouring countries at aggressive tariffs and would considerably diversify Niger’s energy mix. The Project is anticipated to be sanctioned in in 2023, with first energy generation in 2025.
Savannah expects to fund the Project from a mixture of its personal internally generated cashflows and project particular debt.
Sani Mahamadou, Minister of Petroleum, Energy and Renewable Energies, of the Republic of Niger, said:
“I am delighted to announce our plans today for the event of Parc Eolien de la Tarka. This is a truly transformational project for Niger, potentially increasing the country’s on-grid energy generation capability significantly. Such a project is anticipated to stimulate a significant increase in financial exercise throughout our country, directly and not directly creating thousands of jobs over the course of the subsequent decade.
Today’s announcement follows His Excellency President Mohamed Bazoum’s undertaking at COP 26 final year to develop significant new inexperienced sources of energy for Niger. It as soon as once more demonstrates the seriousness to which the Government of Niger takes the commitments we make to the worldwide community. I would additionally like to thank Savannah – a long-term funding and working partner for Niger – for proposing and creating this project and state that our Government will present Savannah and their financing companions our full support to allow this project to ship first wind energy for Niger by 2025.”
Andrew Knott, CEO of Savannah Energy, said: “Savannah is passionately focused round delivering Projects that Matter in Africa. Parc Eolien de la Tarka is a prime instance of our imaginative and prescient in action. The independent research conducted to date point out the Tahoua area of Niger to have a world class wind resource. The Project is anticipated to harness this useful resource and generate extremely competitive, clean, indigenous energy for Niger. Parc Eolien de la Tarka will see the country’s on-grid energy generation capability potentially increase by over 40%. Academic study after academic study has proven the connection between energy consumption, income ranges and life expectancy to be well understood: the upper a country’s per capita energy consumption, the upper each GDP per capita and human life expectancy are anticipated to be. Parc Eolien de la Tarka is therefore a critical project for the event of Niger, which we expect to make a significant contribution to improving the lives of its people.
I would like to thank the Government of Niger, and Minister Sani Mahamadou in particular, and the iger National Utility Company, NIGELEC, for the strong support we have received in bringing our imaginative and prescient of the Parc Eolien de la Tarka to life. We look ahead to working with the Government and our developmental finance companions over the course of the approaching years as we transfer through the feasibility and construction phases of the project to our intended first wind date in 2025.
Parc Eolien de la Tarka represents the primary of a number of large scale greenfield renewable energy projects that Savannah expects to announce over the course of the subsequent 12 months.”
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