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.
According to South African research institute CSIR, the southeast African nation may raise its target for rooftop solar to 50,000 installations by 2030. The institute is seeking consultants to define the future solar roadmap for the country.
Four more countries have ratified the International Solar Alliance (ISA) framework agreement, taking the total number to 19. On Wednesday December 6, the ISA will be established as a legal international intergovernmental body.
The Practical Action non-governmental organisation (NGO) won a Zayed Future Energy Price last week at Abu Dhabi’s Sustainability Week for its work to reduce poverty. The NGO shares its experience of solar PV deployment in the developing world.
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