July 11, 2016

Nigeria

(Under development)

Gigawatt’s local project development company (NSCP) and the Bauchi State Government have signed a Concession Agreement for the site for our 135 MW solar PV project. We have initialed the PPA with NBET (the off-taker), and are finalizing the PCOA (government guarantee). We have received grants from the European High Commission, and concessional debt tranches from the World Bank’s Clean Technology Fund, and Green Africa Power. Financial close is targeted for Q1 2017.