Mainstream Renewable Power has announced the signing of an agreement with Swiss wind farm developer NEK Umwelttechnik to purchase the 225MW Ayitepa Wind Farm, located 40 kilometres from Accra on the east coast of Ghana.
The project, which represents a total investment of US$ 525 million, is expected to reach financial close next year and start generating power early in 2016. The companies will co-develop the wind farm until financial close. Mainstream will manage the construction as well as the operations and maintenance of the wind farm for its lifecycle. The project is currently in the latter stages of development with all major permits secured. Grid and offtake agreements are being finalised. When fully operational the wind farm will generate approximately 10% of Ghana’s total electricity generation capacity which currently stands at 2,000MW.
