(Ecofin Agency) - The Netherlands-based commodity trader Trafigura has just acquired majority stake in the Kita solar power plant in Mali. The operation was made through PASH Global, a renewable energy investor and developer backed by Trafigura.

With this acquisition, the Dutch company seeks to reduce its carbon footprint by investing in clean energy and has already created a division dedicated to renewable energy in 2019.

The 50 MW Kita power plant was built by Akuo Energy. Its production will be sold to the national power utility under a power purchase agreement for a period of 28 years. Power generated by the plant will benefit 91,700 households. Inauguration is scheduled for next month.

Gwladys Johnson Akinocho