Will a 100 MWAC solar farm in DR Congo get a credit line?

A 100 MWac solar farm planned in the Katanga region will be boosted by an additional credit line after the International Finance Corporation and the British and Norwegian government-owned Globeleq came on board. The International Renewable Energy Agency has estimated DR Congo had only 20 MW of grid-connected solar capacity a year ago.

Will the DRC benefit from the Inga?

Currently the DRC only has 2.5 gW installed and no early benefit from the Inga. However solar and wind is available now. Existing HEP could fill in the ‘gaps’ when solar is not available. However offgrid power is essential in the rural areas and small towns across this vast country.

Which countries are partnering with cigenco to build a solar power plant?

Kinshasa, the Democratic Republic of Congo, November 25, 2021 - 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.

How long does it take to build a solar plant in DRC?

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. About IFC IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets.

Why does the DRC need a power plant?

The DRC urgently needs investment in its power sector to meet its increasing industrial demand and production deficit. Together with IFC and Globeleq, we will build a landmark power plant for the DRC that will catalyze its nascent independent renewable energy industry," said Greenshare Congo DRC representative, Dr. Adolphe Ngoyi Kitengie.

How much solar power is available in Kinshasa?

In the area around Kinshasa there is a further 6 gW of solar available at 7 us cents per kW hr. There is also sufficient for the rural areas around Kinshasa, Mbandaka on the Congo river and the main port of Matadi. It can even be exported over the river to Brazzaville.