We are delighted that the 158.7 MW Taïba N’Diaye wind farm project, which Gide advised on, has been awarded the African Wind Deal of the Year 2018 at the IJGlobal Awards 2018 - Europe & Africa.
Located 70 km north of Dakar, the Taïba N'Diaye power plant will be the largest wind farm in West Africa to date. It demonstrates the willingness of the Government of Senegal to increase renewable energy production and to diversify the country's energy mix to meet Senegal's rapidly increasing energy demand. The project will save over 300,000 tonnes of CO2 emissions into the atmosphere per year.
Gide has advised the Government of Senegal and SENELEC on this project, which has reached financial close in August 2018.
The project is being developed by Lekela Power, an Africa-focused renewable energy company, and by Sarréole, a French developer. Financing for the project has been provided by the Overseas Private Investment Corporation (OPIC) and EKF, Denmark’s Export Credit Agency.
This transaction was facilitated by the African Legal Support Facility (ALSF). Hosted by the African Development Bank, ALSF supports African governments in the negotiation of complex commercial transactions by providing assistance to African countries to strengthen their legal expertise and negotiating capacity.
Gide's team was led by partner François Krotoff and counsel Victor Grandguillaume, with senior associate Frédéric Pia.