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In Depth

Solar Energy, Storage, Electricity Distribution & Projections

19 June 2019
Solar Energy, Storage, Electricity Distribution & Projections

Past: It has been an incredible journey for Solar PV industry during the last decade.

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Solar Energy: The Perfect Match For EVs

06 May 2019
Solar Energy: The Perfect Match For EVs

EVs and Solar as a supporting source of power. Recently there has been much hype around EVs what with the Indian government pledging to replace petrol and diesel cars with EVs by 2030.

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UPCOMING EVENTS

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Enel starts construction of Ngonye solar project, its first power plant in Zambia

  • Enel’s renewable arm Enel Green Power started construction of the 34 MW[1] solar PV facility, which is located in southern Zambia and, once completed, is expected to produce around 70 GWh per year, avoiding the annual emission of over 45,000 tons of CO2 into the atmosphere.
  • Enel will be investing approximately 40 million US dollars in the construction of Ngonye, which will be partly funded through a financing agreement signed with Zambia’s Industrial Development Corporation.
  • The project, which is expected to enter into operation in the first quarter of 2019, is supported by a 25-year power purchase agreement with Zambia’s state-owned utility ZESCO

The Enel Group’s global renewable energies division Enel Green Power started the construction of the 34 MW1 Ngonye solar PV plant, which is the Group’s first power plant in Zambia. The PV facility, which is located in Lusaka South Multi-Facility Economic Zone in the country’s south, is part of the World Bank Group’s Scaling Solar programme carried out by Zambia’s Industrial Development Corporation, which awarded Enel in June 2016 the right to develop, finance, construct, own and operate the plant.


“The start of construction of Ngonye solar plant is a new milestone in the strengthening of the Enel Group’s presence in the African continent, where we already are the first private renewable operator in terms of installed capacity,” said Antonio Cammisecra, Head of Enel’s Global Renewable Energies Division, Enel Green Power. “Ngonye, with its clean, sustainable and reliable power, will play a significant role in helping Zambia to meet its electrification goals, demonstrating once again that renewable utility-scale power plants are the most effective solution to give access to electricity in the continent.”

The Enel Group will be investing around 40 million US dollars in the construction of Ngonye, which is expected to be completed in the first quarter of 2019. In June, the Enel Group signed with IDC a financing agreement of around 34 million US dollars for the construction of the PV plant, involving senior loans of up to 10 million US dollars from the International Financing Corporation, a member of the World Bank Group, up to 12 million US dollars from the IFC-Canada Climate Change Program and up to 11.75 million US dollars from the European Investment Bank.

Ngonye solar plant, which will be owned by a special purpose vehicle 80% held by EGP and 20% by IDC, is supported by a 25-year power purchase agreement signed with Zambia’s state owned utility ZESCO. Once fully up and running, the facility is expected to produce around 70 GWh per year, avoiding the annual emission of over 45,000 tons of CO2 into the atmosphere.

Zambia, which features an average annual growth in electricity consumption of around 5-6% and a significant need to diversify its energy generation mix dominated by hydro, aims to increase the security and quality of supply, while encouraging the electrification of rural areas. For this reason, Zambia’s government launched a series of initiatives to promote the development of renewables, with a particular focus on photovoltaic power, setting the goal of installing up to 600 MW of solar power within the next two to three years. In this framework, IDC launched a tender for the development of two PV projects with a total capacity of up to 100 MW structured according to the World Bank Group’s Scaling Solar programme, with the International Finance Corporation acting as advisor.

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