Developer

Africa Finance Corp

www.africafc.org

Total capacity of implemented projects

50 - 250 MW

Countries of projects presence

1

Africa Finance Corporation (AFC) is a Nigerian-based investment company that specializes in infrastructure development across Africa. The company was established in 2007 with the aim of promoting sustainable economic growth and development in Africa by providing financing solutions for infrastructure projects. AFC has since grown to become a leading investment company in Africa, with a focus on power, transportation, telecommunications, and natural resources.

One of the key areas of focus for AFC is renewable energy, particularly wind power. AFC has been actively involved in the development of wind power projects across Africa, with a particular focus on sub-Saharan Africa. The company has invested in wind power projects in countries such as Egypt, Morocco, and South Africa, among others.

AFC's approach to wind power development is based on a commitment to sustainability and environmental responsibility. The company recognizes the importance of renewable energy in addressing the energy needs of Africa while also reducing the continent's carbon footprint. AFC's wind power projects are designed to provide clean, reliable, and affordable energy to communities across Africa while also creating employment opportunities and promoting economic growth.

One of AFC's most significant wind power projects is the 120 MW Khalladi Wind Farm in Morocco. The project, which was developed in partnership with ACWA Power, is located in the Tangier region of Morocco and consists of 40 wind turbines. The Khalladi Wind Farm is expected to generate 380 GWh of clean energy annually, which is equivalent to the energy consumption of over 400,000 Moroccan households. The project is also expected to reduce carbon emissions by approximately 144,000 tonnes per year.

Another significant wind power project that AFC has been involved in is the 100 MW Redstone Concentrated Solar Power (CSP) project in South Africa. The project, which was developed in partnership with SolarReserve, is located in the Northern Cape Province of South Africa and consists of a solar thermal power plant and a molten salt energy storage system. The Redstone CSP project is expected to generate 480 GWh of clean energy annually and provide reliable and affordable energy to over 200,000 South African households.

AFC's involvement in wind power development goes beyond financing. The company also provides technical expertise and support to wind power projects, ensuring that they are developed to the highest standards of safety, reliability, and efficiency. AFC's team of experts includes engineers, project managers, and financial analysts who work closely with project developers to ensure that wind power projects are delivered on time and within budget.

AFC's commitment to wind power development is driven by its belief in the potential of renewable energy to transform Africa's energy landscape. The company recognizes that Africa has abundant wind resources that can be harnessed to provide clean, reliable, and affordable energy to communities across the continent. AFC's wind power projects are designed to contribute to the development of a sustainable energy sector in Africa while also promoting economic growth and job creation.

In addition to wind power development, AFC is also involved in other renewable energy projects, including solar power, hydropower, and geothermal power. The company's portfolio of renewable energy projects is designed to provide a diversified mix of clean energy sources that can meet the energy needs of Africa's growing population.

AFC's approach to renewable energy development is based on a long-term perspective that takes into account the unique challenges and opportunities of each project. The company works closely with project developers, governments, and other stakeholders to ensure that renewable energy projects are developed in a sustainable and socially responsible manner.

Overall, AFC's commitment to wind power development is a testament to the company's vision of promoting sustainable economic growth and development in Africa. The company's investment in wind power projects is designed to provide clean, reliable, and affordable energy to communities across the continent while also promoting economic growth, job creation, and environmental sustainability. As Africa's energy needs continue to grow, AFC's leadership in wind power development will play a critical role in shaping the continent's energy future.