The signature of the financing agreement is a milestone in the project journey that started three years ago: Since 2017, CleanPower Generation has been developing the on-grid solar projects in the port city of Kamsar and in the administrative centre of the city of Boké. As one of the first large-scale PV projects in Guinea, CleanPower Generation will contribute significantly to Guinea’s aim to produce 30% of its energy from renewable sources by 2030.
GET.invest has been supporting CleanPower Generation since July 2019. The programme’s Finance Catalyst advisors focused on liaising with financiers and designing a financial model which meets their expectations. They were also actively involved in the negotiation process of the concession agreement. “The advisors and I have been working closely on this project. Their input, the professional financial model and their ‘finance speak’ during conference calls has helped a great deal. In addition, being a GET.invest-supported project built reputation with potential financiers”, said Marcus Miller of CleanPower Generation.
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