Browsing: Malindi Solar photovoltaic (PV) project

Training workers to install solar panels at health clinics in rw

Today Africa is on the frontier of ushering in a new age of technology in its various economic sectors. As such, the continent needs to provide not only sufficient and sustainable energy but also one that has scalability, ensuring that each sector benefits from it. Thus, experts and innovators have turned to solar energy to power other vital economies while contributing to Africa's overall market potential.

Indeed the concept of Solar power energy has worked in Africa's favour over the past few decades. Unfortunately, renewable energy is still relatively new in Africa; thus, only a few benefit from its revolutionary concept. Here is a brief look at how solar energy powers and funds Africa's ecosystem.

Understanding Africa's Solar power potential

To understand any concept, we must first understand the context behind it.

The concept of solar energy is no new term in this digital era. The concept of Solar energy

South Africa Solar project rd

Globeleq, a power sector leader in Africa, has reached financial close of the 40 MW (52 MW p) Malindi Solar photovoltaic (PV) project in Malindi, Kenya and is commencing construction of the plant.

The US$69 million project is located in Langobaya, Malindi District, Kilifi County, about 120 kms north-east of Mombasa and is one of the first IPP owned utility scale solar power plants in Kenya to begin construction.  Electricity will be sold through a 20-year agreement with the national distribution company, Kenya Power.

Globeleq has been working with the project originator, Africa Energy Development Corporation (AEDC), who will retain 10% ownership of the project, and its partner, IDEA Power, to bring the project to construction by providing equity, project development and construction management experience.  CDC, the UK’s development finance institution, as the mandated lead arranger, has sourced US$52 million in debt financing including $20 million from DEG, the German …