News

Odyssey platform’s mini-grid projects require $500M investment

Odyssey platform’s mini-grid projects require $500M investment
  • Comments   -   Wednesday, 08 August 2018 - 18:23

(Ecofin Agency) - Odyssey, a platform in connecting private mini-grid developers and investors, announced it has surpassed 550 registered projects, which now require $500 million in financing.

All projects will help connect about 275,000 new consumers with a generation capacity of around 150 MW. Utilities include solar, wind, hydropower and biomass plants. The 550 projects come from 21 countries, including Cameroon, Cape Verde, Democratic Republic of Congo, Ethiopia, Ghana, Haiti, Kenya, Lesotho, Niger, Nigeria, Rwanda, Sierra Leone, Somalia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Project financing needs range from $40,000 to $3 million.

“Odyssey has allowed us to quickly conduct rigorous technical and economic analyses for mini-grid projects in our pipeline and then create portfolios suitable for financing,” said Havenhill Synergy CEO, Olusegun Odunaiya.

Let’s recall that the Odyssey platform is composed of over 100 developers, investors, vendors, government institutions and non-profit organizations.

Gwladys Johnson Akinocho


Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018
Liquid Telecom Kenya struck a partnership agreement with Sigfox, specialized in Internet...
Read more |  17 August 2018
World Bank will grant a $15 million loan to Guinea-Bissau, Amadou Oumar Ba,...
Read more |  17 August 2018
The European Bank for Reconstruction and Development (EBRD) provides $44 million to support...
Read more |  17 August 2018
In a statement published on August 15, 2018, the Moroccan company Wafa...
Read more |  17 August 2018
MC Mining which operates Uitkomst coal mine announces that on Thursday 16,...
Read more |  17 August 2018
MTN Uganda, whose license will expire in October 2018, should list its...
Read more |  17 August 2018
The Liberian National Housing Authority NHA has initiated discussions with GELPAZ IMMO...
Read more |  17 August 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.