Botswana's First Large-Scale Solar Plant Secures $100M Financing for Power Exports
By
Adelaide Changole
A respectable bake. You'd come back tomorrow for another.
Summary
Botswana will begin construction of its first large-scale solar plant, the 100-megawatt Tati Solar Project, after securing $100 million in financing led by Rand Merchant Bank. The project, developed by Shumba Energy Ltd.'s Etavi Renewables, aims to sell surplus power into the Southern Africa Power Pool, targeting commercial operation by 2027. Investors are betting on rising electricity demand across southern Africa creating a lucrative export market.
Key quotes
· 3 pulledBotswana is set to begin construction of its first large-scale solar plant after developers secured $100 million in financing
investors bet that rising electricity demand across southern Africa will create a lucrative market for surplus power
The project, which will sell power into the Southern Africa Power Pool, will be developed by Shumba Energy Ltd.'s Etavi Renewables and targets commercial operation by 2027
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