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Siginik Energy to develop 50MW solar installation in Ghana

From: Date:6/6/2012

Episolarí»s subsidiary, Siginik Energy, advised that it had signed a definitive PPA with the Electricity Company of Ghana for the construction of a 50MW ground-mounted tracking solar installation. The energy produced by the project will be bought by ECG for 25 years. The companies advised that this would be the largest solar installation in West Africa and one of the largest on the continent.

Expected to break ground within the next six months, the project is expected to create around 800 highly skilled jobs. Siginik and ECG noted that they plan to expand the project with further installations in Ghana in the coming years.

"Siginik is very excited about this timely opportunity," said Daniel McCormick, managing partner at Siginik. "Ghana is a fast growing economy in great need of power and we are happy we can contribute in a green, efficient way. This will benefit the general Ghanaian community as they can have more consistent power and in the short term, similar to the effects of the Green Energy Act in Ontario, facilitate the creation of a highly skilled green labour force which will be able to build future green and solar projects in the ECOWAS area."