Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTThe African Trade Insurance Agency (ATI) announced today it has supported the financing of the 20-MW Golomoti Solar project in Malawi by providing liquidity cover via its Regional Liquidity Support Facility (RLSF).
The particular project was jointly developed by Canadian clean energy independent power producer (IPP) JCM Power Corporation and InfraCo Africa Limited, part of the Private Infrastructure Development Group (PIDG). Thanks to support from Innovate UK, Golomoti Solar will be the first commercial-scale solar plant in Malawi to include battery storage. The capacity of that component will amount to 5 MWh.
Upon completion, the solar plant will sell power to national power utility Electricity Supply Corporation of Malawi Ltd (ESCOM) under a 20-year power purchase agreement (PPA).
Golomoti Solar thus becomes the fourth project to benefit from a cover under the RLSF, which was created in 2017 to help tackle climate change. So far, the facility has helped projects totalling 108.5 MW to reach financial close. Among those is another scheme developed in Malawi by JCM Power and InfraCo Africa -- the 60-MW Salima solar photovoltaic (PV) plant that was inaugurated just recently.
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTNacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTKKR fund increases tender offer price for Greenvolt
Sep 19, 2024 15:32 CESTStatkraft connects 44.5-MW solar farm to grid in Spain
Sep 19, 2024 15:28 CESTBlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CESTDeutsche Windtechnik wins turbines maintenance contract in Sweden
Sep 19, 2024 14:55 CEST