IFC, Globeleq, and Others Partner to Develop 100MW Solar PV Project in the DRC

  • To scale up clean energy production capacity in the Democratic Republic of Congo, IFC, Globeleq, CIGenCo, Greenshare Energy, Greenshare Congo, Volt Renewables, and Nzuri Energy have partnered to develop a large-scale solar power production plant in the country.

The independent power producer (IPP) will be based in Kolwezi, south-eastern DRC, and will produce a planned 100 MW of solar photovoltaic (PV) power, which will be sold to the national utility and support mining operations and economic activity in the region.

The project underscores IFC’s commitment to early-stage, innovative energy projects and the government of DRC’s efforts to increase and diversify its electricity output. According to World Bank data, only about 19 percent of DRC’s population had access to electricity in 2019.

The project was originally developed by CIGenCo, Greenshare Energy, Greenshare Congo, Volt Renewables, and Nzuri Energy. IFC and Globeleq (as lead developer) have come on board to drive the project forward and help it reach completion.

To support the project’s development costs, IFC is providing up to $900,000 through its Collaborations and Co-development Financing Program and up to a further $900,000 from the Finland-IFC Blended Finance for Climate Program.

Construction of the solar plant is expected to begin in 2023 and should be completed within 12 months. Once complete, it will be among the largest solar PV projects in the DRC.

Author: Bryan Groenendaal

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