Global Ecopower emphasizes its deployment in solar power with the takeover of Nova Power group. It intervenes in the development and construction of solar power plants in West Africa, North Africa and the Middle East. The Group is present in Morocco, Nigeria, Ivory Coast and Burkina Faso.
With the new Global Ecopower Group composed of the current team and activity, of the 50% stake in the capital of ENERSOL and the acquisition of 100% of Nova Power, the management has set a goal to reach a turnover of € 120 million in 2017, an EBITDA of €32 million and to be profitable.
Nova Power notably signed an agreement with the Total group for the development and construction of solar power plants in Nigeria for a capacity of 500MW. The works for the first 125MW plant in Katsina, Nigeria should begin in Q4 2015. A second plant of 125MW in Ekiti and a third of 150MW in Nasawara will follow in 2016. In addition, Nova Power negotiates the development, financing, construction and operation of a first 10MW solar power plant within the University of Ibadan in Nigeria. The construction is expected in 2015. Other rooftop power plants for Nigerian universities are currently being studied. Nova Power has also signed agreements with the Moroccan food processing group Hida Energy for the construction of solar power plants in West Africa. The sites have been identified and are under development.