Zambia solar tender sets Sub-Saharan price record

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
A project developed in Uganda under its own GET FiT programme. Source: Access Power.

The latest GET FiT tender in Zambia has awarded 120MW of capacity and set a record low price for Sub-Saharan Africa.

The tender had originally been for 100MW but was extended, owing to the quality of the received bids.

The lowest bid of 3.999 Us cents per kWh is the first under the four-cent mark. The weighted average price across all projects was 4.41 cents.

The scheme is run by Zambia’s Department of Energy and the German development bank KfW.

“What has made this such a competitive outcome is the bankable standardised transaction agreements, the effective tender implementation and the steadfast commitment of the Government of Zambia and [state power company] ZESCO,” said Marco Freitag of KFW Development Bank.

The six winning bids were awarded in pairs to three successful bidders, whittled down from 23 consortia.

  • Two Proposals of Joint Venture Building Energy & Pele Energy – Bulemu East and West–20MWac each at USDc 3.999/kWhac.
  • Two Proposals of Joint Venture Globeleq & Aurora Power Solutions – Aurora Sola One and Two – 20MWac each at USDc 4.52/kWhac.
  • Two Proposals of Joint Venture of InnoVent and CEC – Garneton North and South Solar20MWac each at USDc 4.80/kWhac.

“It is important to recognise that these tariff results represent a truly competitive outcome. Not only were developers required to find and acquire their own suitable sites and pay for shallow grid connection, but GET FiT Zambia has offered no form of grant financing, nor has it arranged for concessional finance,” said Ryan Anderson, the tender agent team leader.

Read Next

April 14, 2021
Independent energy trader BB Energy (BBE) has set its sights on Africa’s solar and storage market by acquiring Solarcentury’s Africa-facing division for an undisclosed sum.
March 18, 2021
‘Solar Module Super League’ (SMSL) member Canadian Solar is guiding a significant increase in PV module and energy storage shipments, resulting in full year 2021 revenue of between US$5.6 billion to US$6.0 billion, over 70% higher than revenue reported for 2020.
February 1, 2021
Hydropower plants across Africa could double their capacity if just 1% of their reservoirs are used to install floating solar projects, new research suggests.
January 27, 2021
Corporations bought 18% more clean energy last year compared with 2019, according to new research, with tech giant Amazon and oil and gas group Total leading the global energy transition.
January 27, 2021
PV-Tech’s flagship PV ModuleTech conference returns, through an online platform, on 9-11 March 2021, with a focus on providing utility-scale site developers and investors a comprehensive understanding of the new module formats being sold to the market today.
January 26, 2021
‘Solar Module Super League’ (SMSL) member LONGi Solar has secured a 500MW monocrystalline bifacial module order from US-based project developer and EPC, Strata Solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021