Floating an African solar solution
Solar arrays on Africa’s many large hydroelectric sites could shore up patchy grid electricity supply. Finance is difficult but possible, as demonstrated by plants such as the 250 MW Kariba Dam project in Southern Africa, backed by the African Export-Import Bank (Afreximbank). Options include utilities, big energy users, and even crowdfunding participants, as Neil Ford reports.
The Kariba project is by far the biggest African floating PV project to date. In December 2024, the African Development Bank (AfDB)’s Afreximbank agreed to lend $250 million to a Zimbabwean consortium, the Intensive Energy User Group (IEUG), for the first 250 MW phase of the project.Further $250 million, 250 MW stages could be added up …
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