In line with the company's strategy to build and operate power plants in Africa, Power One Burundi AB has today taken over an existing project in Bahardar, Ethiopia.
The project, which is a solar park, includes the takeover of an existing PPA that extends over 25 years. The photovoltaic plant will have a total output of 50 MW and will thus be a relatively large unit.
Detailed financial information will be announced next week.
In connection with this agreement, Power One Burundi AB will supplement the Board and its organization.
Finally, the company is pleased to congratulate the Nobel Peace Prize winner 2019, Ethiopian Prime Minister Abiy Ahmed for the award.
Power One is an innovative project for electrifying a previously non-electrified area with renewable energy and is well aligned with the region’s history of social entrepreneurship and sustainable agriculture.
Sprinkle Media works with media communication that is related to capital raising, real estate market and business. Through board representation, our knowledge, our network and our financial strength, we work to help companies become industry leaders. We use the investment platform raisereach to provide capital raising services such as issues, real estate investments and crowd funding.