šš± COP 28 (2/12/2023) : SIGNING OF GREENCO ā ILUTE PPA : Pioneering a New Era for Open Access Electricity in Zambia
We are thrilled to announce the successful execution and signing of GreenCo’s first Power Purchase Agreement (PPA) with Ilute Solar, a partnership betweenĀ Serengeti Energy AfricaĀ andĀ Western Power Company, at this year’sĀ currently happeningĀ COP 28 in Dubai. This groundbreaking 25MWac Ilute Solar PV Project marks a pioneering step for open access electricity in Zambia.
Situated in Zambia’s Sesheke District, this project is a testament to innovation and collaboration. It aligns with Zambia’s 2019 legislative amendments and showcases an innovative private sector approach to financing. With direct foreign investment, Ilute Solar is not just contributing to the national grid but is also stimulating local economic growth and community involvement.
š”Ā This initiative reflects our commitment to sustainable energy solutions and represents a significant move in Africa’s renewable energy progress. It’s more than a project; it’s a milestone in our journey towards a sustainable future.
For more details, please check out the full press release Press release.
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