Greenco clinches PPA for 25-MW solar project in Zambia

Renewable energy retailer Africa Greenco Group has committed to buying the output of a 25-MW solar project in Zambia under a deal sealed during the ongoing COP28 climate summit in Dubai.

The power purchase agreement (PPA) is tied to the Ilute photovoltaic (PV) project, its developers said in a recent press statement. The scheme was put forward by Zambia-based Western Solar Power and Serengeti Energy, an African renewable independent power producer (IPP) owned by KfW, STOA, Proparco, Norfund, Swedfund and NDF.

To be installed in the Sesheke district of Zambia’s Western Province, the photovoltaic (PV) park will be operated by Zambia’s national power utility ZESCO. Construction works are slated to begin next year and commercial operations should be launched in 2025.

The project represents a direct foreign investment of US 37 million (EUR 34.3m). In September, GreenCo signed an implementation agreement with the government of Zambia that enables the project to be built under the Southern African nation’s open access power programme.

(USD 1.0 = EUR 0.928)

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