Shell Foundation and Rockefeller support $11bn African mini-grids fund
Crossboundary Energy Access – which claims to be the continent’s first mini-grid financing facility – wants to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Raising capital has been a struggle despite mini-grids being lauded as a solid solution for electrification.
Zambia issues RfP for 100 MW of solar
Via the tender, selected developers will be awarded 25-year PPAs for the sale of power to local utility, ZESCO.
Zambia seeks further financing for its 100 MW PV project pipeline
The African Development Bank is currently seeking consultants to arrange debt financing for five 20 MW projects it aims to develop under Zambia’s Renewable Energy Financing Framework.
International investors provide $34 million for solar plant in Zambia
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
Over $50 million funding approved for solar projects in Zambia
The Green Climate Fund (GCF) has approved over US$50 million in funding for the development of up to 100 MW of renewable energy projects, primarily solar, in Zambia.
GET FiT scheme launched in Zambia after successful run in Uganda
Through a partnership between German investment bank, KfW and the Zambian Ministry of energy, the GET FiT scheme has entered its first round, with a tender of up to 100 MW.
India’s Sterling and Wilson to build 54.3 MW solar plant in Zambia
The PV plant will be the nation’s largest once complete, and will be implemented under the International Finance Corporation’s Scaling Solar program.
Zambia to launch 100 MW solar tender
The tender will be open to PV projects not exceeding 20 MW in size, and will award long-term PPAs for the sale of power to local utility ZESCO.
BayWa r.e. connects pilot PV+storage project in Zambia
German PV developer BayWa r.e. has completed an 86 kW PV + storage project, which will power irrigation equipment for farmers in Zambia. The project marks Baywa r.e.’s first entrance on to the African continent, where the company says it has significant plans for expansion.
Zambia receives $34.8 Million from German KfW
The funding is to be used to implement a Renewable Energy Feed-in Tariff (REFiT)-Strategy. Zambia aims to attract investors to overcome the energy crisis and to generate power sustainably.
