Dutch Gutami Holding BV (Gutami) along with its local development partners has inked agreements with the Government of Burkina Faso and the national utility SONABEL. A public-private partnership agreement has been inked with the Government of Burkina Faso and a power purchase agreement with SONABEL for a project that will deliver 150 MWp of solar photovoltaic power integrated with a 50 MW battery energy storage system to the national grid over a 25 year term.
The project is expected to reach commercial operations in the fourth quarter of 2027 and represents an investment of over €100 million. Furthermore, the project has successfully secured permits, ESIA, licenses, and land rights and the allocation of grid interconnection point has been done by SONABEL. It is now entering the lender mandate phase. This 25-year long-term PPA with fixed tariffs ensures predictable revenue streams, making the project viable and attractive for financiers.
Gutami is a global developer and investor in sustainable energy solutions. The company invests in, finances and acquires assets and optimises asset returns. Its energy solutions include solar parks, rooftop solar, energy storage and hydrogen. It has developed or under development projects in 10+ countries, and 150+ projects under development. Moreover, it has 475 MWp of realised projects.
REGlobal’s Views: The landmark project when commissioned will not only generate clean energy and help reduce the country’s reliance on polluting fuels, but also provide grid stability and reduce power shortages. The country still suffers from power shortages, electricity access issues and infrastructure inadequacy, and such projects will help the country to improve its power supply situation.
