Axian has secured MGA 47.1 billion ($10.9 million) to finance a 40 MW solar plant and a 5 MWh storage facility in Madagascar. The installation is the island state's largest solar park. Contact online >>
Axian has secured MGA 47.1 billion ($10.9 million) to finance a 40 MW solar plant and a 5 MWh storage facility in Madagascar. The installation is the island state''s largest solar park.
Axian says it has secured funding to finance 20 MW of additional solar capacity and 5 MWh of storage at the Ambatolampy solar power station in the island nation of Madagascar.
The project currently includes 40 MW of PV and 5 MWh of storage and is already the largest grid-connected solar plant in the Indian Ocean region, according to Axian. It is operated by Axian and French independent power producer (IPP) Green Yellow.
The expansion received MGA 47.1 billion in financing in the form of A credit facility, covered by a credit guarantee with a nine-year tenor. French financial services provider Société Générale acted as the main lender. UK-based GuarantCo provided a guarantee of MGA 23.6 billion and the African Guarantee Fund (AGF) offered a guarantee of MGA 9.4 billion.
GuarantCo and the AGF already financed the first phase of the Ambatolampy project in 2020. Green Yellow and Axian also started operating another 1.8 MW PV project in Antalaha, in northeastern Madagascar, in late January.
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Saft Sunica.plus nickel-cadmium batteries store solar energy in a scheme set up by Schneider Electric to provide safe and clean electricity to residents of an isolated village.
Schneider Electric’s programme of social responsibility, named BipBop (Business, Innovation and People at the Base Of the Pyramid) aims to use the electrical systems firm’s expertise to provide safe, affordable and green energy to the people who need it most. With an operation in Madagascar serving the mining industry, Schneider saw an opportunity to provide a reliable off-grid power supply to the population of the village of Marovato, on the east coast of the island.
Saft developed its Sunica.plus Ni-Cd battery specifically for storing photovoltaic, wind and hybrid energy in isolated locations, with many remote installations for utilities, signaling and telecoms applications. The cells can operate reliably at various states of charge and depth of discharge, wide temperature fluctuations and under mechanical and electrical abuses.
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In 2018, Zutari was appointed as technical advisor for a power and fuel supply options study for the mineral sands focused Toliara Project in Madagascar for the Australian Securities Exchange (ASX) listed mining company, Base Resources. After a prefeasibility study and options analysis, Zutari recommended a hybrid power plant consisting of a solar photovoltaic (PV) system, reciprocating engines, and battery energy storage, to be procured through an independent power producer (IPP).
The second phase of the project involved the sourcing of an IPP to finance, design, procure, construct, own and operate the hybrid power plant to be located at the mine. This included the development of the request for proposal (RFP), the power purchase agreement (PPA) in conjunction with the client''s legal team, the representative load profile, and the technical requirements.
Zutari facilitated the tendering process, which attracted bids from a list of international IPPs. Both Base Resources and the IPPs commended the level of technical detail provided in the tender documents, which assisted the IPPs to prepare detailed and firm priced bids. Zutari assisted Base Resources by evaluating the tenders and providing a recommendation on a shortlist of preferred tenderers, who submitted best and final offers in May 2020. Zutari will continue to support Base Resources throughout negotiations with the preferred IPP.
To overcome these challenges, Zutari developed a unique performance guarantee mechanism, which removes the risk of variable solar resource from the IPP while incentivising the IPP to continuously optimise the combined efficiency of the power plant. The mechanism penalises the IPP for poor performance but allows both the mine and the IPP to share in the success of performance improvements.
The Zutari team also worked closely with Base Resources to simulate a detailed and accurate load profile that can be used as a basis for the design of the hybrid power plant. To create this load profile, our team had to develop an in-depth understanding of the proposed operation of the mine, including planned and emergency start-up and shutdown sequences, characteristics of planned and unplanned outages, and worst-case load fluctuations. The team also used load profile data from Base Resources'' operational mineral sands mine in Kenya to calibrate the simulated load profile.
The solar and battery storage portion of the hybrid power plant is expected to reduce the power plant''s greenhouse gas emissions by at least 30%. With the incentive for future performance improvements, further greenhouse gas reductions are expected.
Base Resources and sub-contractors will employ 1 629 people during the construction of the Toliara Project. An additional 2 148 indirect and induced jobs will also be created, leading to an annual average of 3 777 created. During the operational phase, 980 people will be directly employed.
About Madagascar energy storage for backup power
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When you're looking for the latest and most efficient Madagascar energy storage for backup power for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Madagascar energy storage for backup power featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
