In Malawi, the African Trade Insurance (ATI), through the Regional Liquidity Support Facility (RLSF), will provide insurance cover for an amount of $4.4 million against the risk of delayed payment by ESCOM for the 60MW Salima Solar PV. The RLSF policy will be for an initial tenure of up to ten years. The liquidity cover […]
Malawi to Construct its First Solar-Plus Storage Project
Malawi will construct its first solar-plus storage project, this will be a collaboration between Sungrow, JCM Power, InfraCo Africa, RINA and Innovate UK. Located in the Dedza district of Malawi near the town of Golomoti, the 20MWac solar PV and 5MW/10MWh energy storage project is set to become a leading project in sub-Saharan Africa in […]
Nkhotakota Solar Power Plant Project in Malawi breaks ground
Led by Newton Kambala, the Minister of Energy, the government of Malawi has officially launched the construction of the first phase of the proposed Nkhotakota Solar Power Plant. With a planned capacity of 21 MWp, this project is spearheaded by Phanes Group, an international solar energy developer, investment, and asset manager, headquartered in Dubai, UAE, […]
Golomoti Solar prepares to commence construction in Malawi
The 20MWAC Golomoti Solar project with a 5MW/10MWh lithium-ion battery energy storage system (BESS) in Malawi has secured finance from InfraCo Africa and its project partner JCM Power. Golomoti Solar will be the first commercial-scale solar photovoltaic plant in Malawi to include a BESS. Along with its sister project, Salima Solar, Golomoti is among the […]
African Trade Insurance Agency Supports USD67 Million Solar Plant In Malawi To Fill A Critical Energy Gap
This is the 2nd renewable energy project supported by African Trade Insurance Regional Liquidity Support Facility (RLSF), designed to cover the late-payment risks of publicly owned power utilities COVID-19 has highlighted the extent of the critical energy gap in Africa, where diversification is needed to ensure more stable and broader energy access; Malawi’s USD67 million […]
$67M for Nkhotakota solar power plant construction in Malawi
The Phanes Group has raised US$67 million to go towards construction of the Nkhotakota Solar Power Plant in Malawi. The plant which is one of the first commercial scale independent solar power projects in Malawi will generate 40MW of power to be fed into the national grid. The Phanes Group is developing the project alongside […]
Initial site works begin for construction of solar plants in Malawi
The Nkhotakota project is part of a push by the Malawian government to use solar power to strengthen the country’s electricity infrastructure. One of Malawi’s first solar projects has reached financial close after attracting investment volume totaling $67 million USD. Initial site works have begun in Nkhotakota, and construction of the first phase is targeted […]