French solar developer Neoen announced that it has signed off on a power purchase agreement (PPA) for a 54MW PV project in Zambia.
Neoen signed off on the PPA with ZESCO — the main electricity company in Zambia — with the deal expected to last for 25 years.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
The installation was won by a consortium of Neoen and First Solar, with the project selling power to ZESCO at US$0.0602 per kWh. The project was developed by the World Bank and stands as part of the group’s Scaling Solar program.
The plant, which stands as a US$60 million investment, will be built and operated in partnership with the Zambian public investment fund Industrial Development Corporation (IDC) and will be the country's first industrial-scale PV plant.
