GCF backs US$537m scheme to lower credit barriers for solar (280MW) and wind (50MW) IPPs in African country, in year when Eskom’s woes have cast doubts over state-offtaker route.
32MW Djermaya is contracted to sell power to the diesel-monopolised national utility and will mark series of debuts for African state, including its first electricity private-public-partnership.
Saudi firm, one of five firms to submit proposals for two World Bank-backed projects, said to have produced Africa-wide milestone with tariff of US$25.26/MWh.
Roll-out of about 30,000 PV systems is possible if private players step in to help, says Energy minister of country with almost non-existent solar sector despite 55GW potential.
BBOXX has successfully closed a US$50 million Series D funding round that will see the next generation utility company accelerate its global expansion efforts.
