A pay-to-own solar system will be developed in Zambia by MTN, Africa’s largest telecoms company, in partnership with Fenix International, who is extending ReadyPay Power.
A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.
Enel Green Power has signed a 25-year PPA with Zambia’s state-owned utility ZESCO for a 34MW PV project in the Lusaka South Multi-Facility Economic Zone in southern Zambia.
Zambian State-run firm the Industrial Development Corporation Limited (IDC) has invited expressions of interest for 150MW-250MW of solar PV capacity in Round 2 of the ‘Scaling Solar’ programme.
Zambia plans another 500MW of renewables auctions, NTPC installs robot cleaners, aleo and DC Solar install commercial system in US, GE Renewable Energy equips first US commercial solar-wind hybrid project and Soltage brings a 3.7MW solar project online in Massachusetts.
Investors from Solarcentury and Actis imparted wisdom on how to manage the risks and reap the benefits of African PV at Solar Media’s Solar Finance & Investment Europe event.
Doubt has been cast on the International Finance Corporation’s (IFC) ‘Scaling Solar’ programme after a panel of investors revealed it could be fostering a race to the bottom for unrealistic tariffs, diverting focus from essential bankability.
Experiencing some of the highest irradiation hours on the globe, Africa has potential to reach more than 70GW of solar PV capacity by 2030, a new report by the International Renewable Energy Agency (IRENA) has said.
