London / Lusaka, Zambia, 13 March 2026 – Africa GreenCo (GreenCo), a leading renewable energy trader and aggregator operating across Southern Africa, has been named winner of the Solar Deal of the Year for Africa at the prestigious IJGlobal Awards 2025. The award, presented at a ceremony in London, recognises the innovation inherent in the 100MW Chisamba Solar PV Project in Zambia – the largest grid-connected solar development in Zambia's history and the largest of its kind in sub-Saharan Africa outside of South Africa.

The 100MW Chisamba Solar PV Project was developed by Kariba North Bank Extension Power Corporation (KNBEPC), a wholly owned subsidiary of ZESCO, Zambia's national electricity utility. The project reached financial close in May 2025, securing $71.5 million in commercial debt financing from Stanbic Bank Zambia, a member of the Standard Bank Group – backed by a 13-year Power Purchase Agreement (PPA) with GreenCo. A defining feature of the transaction is that financial close was achieved entirely without sovereign guarantees or government financial support.

Under GreenCo's Power Supply Agreement (PSA) with First Quantum Minerals (FQM), Zambia's largest mining investor, GreenCo delivers firm, blended 24/7 renewable power by integrating solar generation from the KNBEPC plant with other sources from within the Southern African Power Pool (SAPP). While the generated energy is contracted to FQM, this displaces an equivalent volume of power that ZESCO would otherwise have delivered to FQM – freeing it up for distribution to domestic consumers, households and businesses.

The award adds to GreenCo's growing portfolio of international recognition, following its receipt of two IJGlobal Awards for 2024: the Market Impact Award and the Energy Transition Deal of the Year for Africa, as well as Sponsor of the Year for Africa in the 2023 IJGlobal Awards.

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