“Providing electricity for the people of Africa requires huge investments and is an opportunity to re-kindle growth and help the world economy overcome secular stagnation. Wind and solar company, Mainstream Renewable Power, is to invest $60m in Pan-African renewable energy platform, Lekela Power, to build wind and solar projects with a capacity of over 1.3GW by 2018, including wind farms in Egypt, South Africa, Senegal, and Ghana and a solar field in Egypt. The investment will be used for the construction of two new power plants at the company’s existing site near Cairo, which are expected to start operating next year.
Wind and solar company, Mainstream Renewable Power, is to invest $60m in Pan-African renewable energy platform, Lekela Power, to build wind and solar projects with a capacity of over 1.3GW by 2018, including wind farms in Egypt, South Africa, Senegal, and Ghana and a solar field in Egypt. The investment will be used for the construction of two new power plants at the company’s existing site near Cairo, which are expected to start operating next year.