SkyPower and Africa Finance Corporation to co-develop 200MW solar project in DRC

Facebook
Twitter
LinkedIn
Reddit
Email
SkyPower Africa Finance Corporation
Construction of the 200MW project will begin by 2025. Image: Africa Finance Corporation

Canada-based renewables firm SkyPower has signed a joint development agreement with financial institution Africa Finance Corporation (AFC) to develop a 200MW solar project in the Democratic Republic of the Congo (DRC).

The project represents the first phase of a 1GW power purchase agreement (PPA) signed between SkyPower and the DRC’s state-owned utility Société Nationale d’Electricité (SNEL). Construction will begin by 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Partnering with SkyPower is well aligned with our mission to advance energy access on the continent through renewable energy. Through this collaboration, we aim to contribute significantly to rapid industrialisation, local job creation, sustainable economic growth and a pragmatic transition to net zero in DRC and Africa as a whole,” said Amadou Wadda, senior director of project development and technical solutions at AFC.

Elsewhere in the DRC, last month solar PV plants were installed in two gold mines. According to Mark Bristow, president and chief executive of Canadian mining company Barrick Gold Corporation (which owns the mines), after the commissioning of a 16MW solar PV plant coupled with battery energy storage systems (BESS), it is expected that the mine’s overall renewable electricity supply will increase from 81% to 90%. Construction of the solar PV plant will commence in the first quarter of 2024. Both the solar PV plant and BESS will be operational in 2025.

Additionally, DRC energy company Nuru has secured US$40 million for the construction of a 13.7 MWp project.

Read Next

July 31, 2026
FIC has acquired Perfect Power, developer and owner of the Jaguar Energy Centre, a planned 1.15GW solar and battery storage platform.
July 31, 2026
The Colombian Ministry of Mines and Energy has awarded 995MW of solar PV and nearly 100MW of battery energy storage system (BESS) in a clean energy procurement auction.
July 31, 2026
German solar research centre the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed an agreement with Himachal Pradesh University to pursue research into floating solar PV.
July 31, 2026
Avaada has secured approximately US$1.3 billion in debt to fund a 2.15GW portfolio of hybrid and solar projects in Gujarat and Maharashtra.
July 31, 2026
First Solar reported net sales of US$1.06 billion for Q2 2026, down 4% year-on-year, while reaffirming its full-year 2026 guidance.
July 31, 2026
German energy company RWE has sold its US distributed clean energy generation business to Goldman Sachs.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
April 20, 2027
Istanbul, Türkiye