- Solar Tyme seeks $1.75 million for renewable energy development in Sierra Leone.
- The company plans to construct two solar facilities.
Solar Tyme US-based solar installation company is seeking to raise $1.75 million in funding for the construction of two renewable energy projects in Sierra Leone. The projects consist of a 200KW solar microgrid power plant in Kumala and 50KW solar system power plant in Liro, with associated distribution lines and ancillaries.
The utility plans to install and operate the two projects on an Independent Power Producer and Build-Own-Operate basis, delivering and selling electricity produced to the respective communities through an offtake agreement. The Georgia-based firm is amid an ambitious expansion across Africa, with $100 million worth of projects in its pipeline, including another solar farm in Sierra Leone and 12 microgrids in Kenya.
In December 2021, Solar Tyme USA signed a Memorandum of Understanding with Sierra Leone’s Ministry of Energy for the microgrids. The company has also received robust support from the Ministry of Agriculture. The electricity generated will be used to power commercial-scale farming in the area, which will create local income to help pay for the electricity.