The African Development Bank (AfDB) has approved US$50 million of framework financing for small-scale renewable energy projects in Zambia, after recent droughts caused a serious electricity supply deficit due to the country’s heavy reliance on hydropower.
The Green Climate Fund (GCF) will provide a US$50 million loan and a US$2.5 million grant to the African Development Bank to support 100MW of -
primarily solar - projects under Zambia’s Renewable Energy Financing Framework.
