Page 13 - AfrElec Week 47 2022

AfrElec RENEWABLES AfrElec

Lekela Power to invest $2bn in

Egyptian renewables

EGYPT LEKELA Power, a renewable power company, per second are available.
is looking to invest $2bn in Egypt over the next The fresh investments are part of plans to
four years as part of a $6bn plan to quadruple expand Lekela’s operations in the Middle East
its energy production capacity to 4 GW from a in general and Egypt in particular after it has
current 1.1 GW, media sources reported. been acquired by Egyptian renewables player
The company wants to increase its wind Infinity and Africa Finance Corporation (AFC),
energy production in Egypt by building more who have an agreement in place to fully acquire
wind farms west of the Nile. The company is Lekela Power. The acquisition is expected to close
planning to increase its land bank by acquiring in January, Infinity co-founder and chairman
more land near Minya and another in Aswan in Mohamed Ismail Mansour told Bloomberg.™
Upper Egypt, where wind speeds of 10 metres

Lekala Power to build largest

battery storage facility in

West Africa

MOROCCO THE Amsterdam-based energy company green hydrogen projects.
Lekela Power is planning to build the largest bat- Alongside battery storage, Lekala also
tery storage facility in west Africa, Bloomberg intends to build a wind-powered power facility
reports. in Senegal, named Le Parc Éolien Taiba N’Diaye
Lekela’s current portfolio includes over 1GW (PETN).
of wind power in operation across Egypt, Sene- “We are looking for much more,” said
gal and South Africa, and a pipeline of additional Lekala CEO Chris Antonopoulos, according to
projects in development across the continent. Bloomberg, noting that the company wants to
It has the most renewable energy assets in the expand around the continent. “In Egypt, in par-
whole of Africa, with seven wind power plants ticular, you’re probably going to hear very soon
currently operating in those three countries. from us.”
According to Bloomberg, Lekala is now As things stand, the company has 5 wind-
planning to complete financial arrangements power facilities in South Africa, and one each in
for a battery storage facility, but the location is Senegal and Egypt. It is developing another in
yet to be made public. The facility will enable the Ghana.™
company to expand into providing electricity for

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