Joint Venture developing 100MW of solar power
Under a 1,200 Megawatt Memorandum of Understanding from the Enugu State in Nigeria, Motir DuSable is developing a 100MW solar project that will provide enough power to supply 180,000 households. The project has acquired 400 hectares of land, a 300MW generation license, a Power Purchase Agreement with the Nigerian Electricity Bulk Trader (NBET) and is moving toward an anticipated financial close in early 2018 and commercial operations in 2019. When completed, the Enugu plant will be one of the largest solar farms in Africa.
Joint Venture development of 500MW in Asia with Letter of Award & Power Purchase Agreement (PPA)
DuSable participated in an investment consortium to develop up to 500MW of solar power in Asia. DuSable worked closely with a world-class German engineering firm on site selection, technical feasibility studies, interconnection study, grid study, and environmental impact assessment studies for over two years. DuSable also negotiated a Power Purchase Agreement (PPA) with the utility off- taker for an initial build, which was executed in 2014. Due to an anticipated Initial Public Offering (IPO) by a consortium member, DuSable Capital sold its equity stake in the solar development and exited the project before commencement of the plant’s financing and construction.