Blue Energy Co.

Headquarter Address:

10 West Street,

Alderley Edge

Cheshire SK9 7EG

Ghana

Phone:

01625 588930

EMail:

info@blue-energyco.com [1]

Type of Bussines:

Energy production [2]

Project Development [3]

Installation and Construction [4]

Projects:

AFRICA’S LARGEST SOLAR PV PLANT Mere Power Nzema Ltd will build Africa’s largest solar photovoltaic (PV) power plant in Ghana’s Western Region, the company’s parent, UK-based renewable energy investor and developer, Blue Energy, announced today.The 155MW plant, at Aiwiaso, in the East Nzema district, will be one of the largest in the world – only three plants in operation today are bigger – and will increase Ghana’s current generating capacity by 6%.The $400 million project will be the first to go ahead under Ghana’s 2011 Renewable Energy Act and is a success for the government’s policy of attracting international finance. Last month the Minister of Energy, Dr. Joe Oteng-Adjei announced he was seeking $1 billion of private investment to help Ghana achieve its target of generating 10% of electricity from renewable sources by 2020. The Nzema project will meet 20% of this generation target.Chris Dean, CEO of Blue Energy, said: “The Nzema project is a serious investor response to Ghana’s effort to build a sustainable low-carbon energy economy which reliably powers industry and households for jobs and wealth creation. Blue Energy and our consultants HML Marine Power and Energy Ltd. have enjoyed working with the Ghana government to achieve this milestone”.He continued: “Ghana’s forward-thinking strategy puts it in a strong position to lead the renewable energy revolution in sub-Saharan Africa. Nzema is a case study in how governments can unlock the huge potential for solar energy in Africa. We are delighted that it will make a strong contribution to the national economy, provide much needed generating capacity and help develop the skills of the future.”Don Ackah, Chief Executive of Blue Energy’s Ghanaian consultants HML Marine Power and Energy, said: “This is a solid achievement for Ghana’s energy sector, demonstrating what is possible when Government offers industry a clear policy and regulatory framework and when investors demonstrate willingness to follow laid down procedures and engage constructively with local regulators.”Mere Power Nzema has secured the key consents it needs to go ahead with the project. Ghana’s regulator, the Public Utilities Regulatory Commission, has awarded it an indicative feed-in tariff for the plant’s 20-year operational life, under the Renewable Energy Law. Ghana’s Energy Commission has issued a Generation Licence, and Ghana’s transmission grid manager (GridCo) has confirmed it will connect the Nzema plant to the grid.The company will now move to conclude discussions with the international banks and investment funds that have expressed interest in the project. It expects to reach financial close in the first half of 2013.Mere Power Nzema will commence construction of the plant in 2013. It will start generating power in the fourth quarter of 2013 with full commercial operation by mid-2015. The project will create 500 jobs over the two-year construction period and 200 permanent jobs in operation. It is also expected to stimulate another 2100 jobs in the local economy. The Nzema plant is expected to contribute US$100 million in tax to Ghana’s government over its lifetime. Its clean energy will avoid emissions of 5.5 million tonnes of CO2.

Stakeholder Type:

Energy equipment manufacturer

Web:

http://www.blue-energyco.com/ [5]

Main Geographic Focus:

International

Activities:

Blue Energy is a well-capitalised, privately owned business, which puts us in an enviable position to invest in and develop, exceptional renewable energy projects.

A progressive and flexible approach enables Blue Energy to develop projects either independently (up to 200 MW) or in a joint venture with other developers seeking either a financial or development partner.

The team has a wealth of relevant experience that goes right across the energy sector, not just in the UK and the rest of Europe, but also in emerging markets. They’re developing a 155MW solar PV power plant in Western Africa right now.

Blue Energy have a strong commitment to the development of onshore wind farms in the UK. As well as a number of Blue Energy wind farms currently in development, the recent acquisition of Ridgewind adds an extra 177MW of wind developments to our portfolio, with an investment of over £250million.

RE&EE Category Taxonomy: