Norwegian independent solar power provider, Scatec Solar, has signed an agreement with Canadian renewable energy group CDIL and Nigerian consulting company BPS for developing a 100 MW solar power plant project in Nigeria.

The 100 MW Nova Scotia Power plant will be built in Nigerian state of Jigawa. Scatec Solar will develop, build, own and operate the solar plant for which 25 year long-term power purchase agreement (PPA) has been signed with the Nigerian Bulk Electricity Trading Plc (NBET). The plant is expected to reach financial close by 2017 and start commercial operations 12 months later.

Last month, NBET signed the first power purchase agreements with solar power project developers. The NBET signed 12 PPAs with projects of 975 MW cumulative capacity. The developers shall sell power from these projects at US¢11.5/kWh for a period of 20 years.

Last year, the Nigerian Electricity Regulatory Commission approved feed-in tariff regulations for renewable energy sourced electricity. As per the provisions of the regulations, electricity distribution companies will be required to source at least 50% of their total procurement from renewable energy sources. The Commission has also mandated that the balance 50% electricity would have to be sourced from Nigerian Bulk Electricity Trading Company.

Scatec Solar is a renowned solar power developer with portfolio of 404 MW of commissioned solar projects with majority of this capacity located in Africa.  Company also has presence in Czech Republic, South Africa, Honduras, Jordan and the US.

The company is looking to develop a several large-scale solar power projects across Africa. It signed an agreement to set up 250 MW capacity in Egypt. It is also working on the largest solar power project in west Africa – 33 MW project in Mali.

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