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 […]
- Tag "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 […]
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 […]