Meridiam Invests US$9 Million in Ten Marina (Sub-Saharan Africa)

Source: Meridiam, Africa Capital Digest

Global infrastructure investment firm Meridiam has invested EUR8.5 million (approximately US$9 million) in Senegal-based 30 megawatt photovoltaic solar power plant Ten Marina. Meridiam’s investment, which was completed through Meridiam Africa Infrastructure Fund, forms part of an EUR43 million (approximately US$45 million) financing package, which also includes an EUR34.5 million (approximately US$36 million) 18-year loan provided by development finance institutions Proparco and BIO. French construction companies Eiffage and Solairedirect, the solar energy subsidiary of power generation company Engie, will develop the project.