A report commissioned by EU lender the EIB has dismissed the role solar mini-grids can play in achieving universal electrification by 2030 and signaled distribution to individual households should be the way forward, including sales to the residents of UN refugee camps in East Africa.
With ‘shovel-ready’ projects across India, Africa and Latin America in line for a mix of grants, cheap loans, equity investment and financial guarantees from this year, the two bodies hope to trigger $20 billion in total funding and bring reliable power to a billion people.
The Golomoti solar plant is expected to come online by the end of the year. The plant will be used to provide grid stability and reduce national dependence on diesel generators and hydroelectric generation.
It is hoped 100% solar home system installation–with householders able to buy, or lease on a PAYG basis–will offer a template for installation in remote communities across Africa.
The Golomoti solar plant is expected to come online in 2022. The plant will be used to provide grid stability and reduce national dependence on diesel generators and hydroelectric generation.
The 37 MW PV project is part of Malawi’s action plan to free the country from its dependence on hydropower, which currently accounts for over 90% of its energy supply.
The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.
The plant is being developed by German company Droege Energy as an unsolicited IPP project. The electricity produced by the floating array will be bought by local utility Electricity Supply Corporation of Malawi Limited (ESCOM).
Malawian independent power producer Golomoti JCM Solar Corporation Limited is planning a PV plant in Golomoti, 100km south east of Lilongwe. The project will sell power to utility ESCOM under a long-term PPA.