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