A 15MW solar project is set to be developed and constructed in the Democratic Republic of Congo (DRC) as part of the International Solar Alliance’s (ISA) first pilot project under its Global Solar Facility (GSF). The ISA was conceived as a joint effort by India and France to “mobilise efforts against climate change through deployment of solar energy solutions.”In collaboration with Nuru, a solar power company in the DRC, the project aims to develop and construct 15MW of solar metro grid capacity across three provinces in the Eastern Congo. It is expected to attract private capital to flow into off-grid solar projects, rooftop solar projects, and productive use solar projects. “This financing vehicle, bolstered by payment guarantees, insurance and investment funds, aims to mitigate project risks, provide technical assistance to address regulatory gaps, reduce currency risks, and resolve contractual and financial uncertainties in the solar energy sector.”Have you read? Goma hybrid solar project in the Democratic Republic of CongoAccording to the World Bank, only 19% of the DRC’s around 102 million people have access to electricity.

Source: The North Africa Journal December 14, 2023 07:21 UTC