The Abu Dhabi Exports Office (ADEX) said on Thursday that it signed $25 million financing agreement with Togo’s Ministry of Economy and Finance to boost the capacity of the Mohamed bin Zayed Solar Park in the West African country.
Dubai-based clean energy company Amea Power will lead the construction and operation of the 50-megawatt energy complex, which is expected to power about 225,000 households, reduce up to 9,500 tonnes of carbon dioxide emissions a year and create hundreds of jobs, ADEX said.
The solar park is expected to play a major role in Togo’s national strategy for renewable energy.
In 2021, Abu Dhabi Fund for Development (ADFD) had financed the first phase of Mohammed bin Zayed Solar Energy Complex at a value of $15 million.
