Electricité de Guinée (EDG) and Swiss developer Terra Sola have signed a memorandum of understanding (MoU) to invest in a $500m programme to accelerate electrification in the African country.
Terra Sola has formed an international technology and investment consortium to implement a large-scale integrated solar energy programme, totalling 500MW, in Guinea which includes several solar power plants, energy storage and distribution systems.
It also includes the establishment of a Human Resources Development Center that will offer training and a high-level qualification to EDG employees in order to participate in the industrial development of Guinea.
Terra Sola is active in more than 17 countries with a combined project portfolio of more than 10GW of installed solar capacity, accompanied by various socio-economic benefits for the countries hosting these projects, such as training programmes, knowledge and technology transfer, and job creation.