GreenWish Partners to invest $280 million to build solar plants in Nigeria

GreenWish Partners plans to invest $280 million to build three solar power plants in Nigeria, Charlotte AubinKaladjian, the company's CEO, told Bloomberg.

The Paris-based company plans to build a 100 MW plant in Enugu State and two plants of 50 MW each in Kaduna and Jigawa states. The projects are expected to start producing electricity in the first quarter of next year and will be funded 70 percent through debt and 30 percent through equity. On completion, the plants will provide power to 2.5 million people, AubinKaladjian said.

Founded in 2010, GreenWish aims to build a renewable energy investment platform dedicated to Sub-Saharan Africa. In June last year, Denham Capital, a US private equity firm, committed about $250 million to fund GreenWish's projects across Africa.