PPA signed for 1 GW Solar project in the Democratic Republic of Congo

SkyPower together with the Société Nationale d’Electricité (SNEL), the national energy of The Democratic Republic of the Congo announced the signing of a landmark power purchase agreement (PPA) for a 1000 MW Green Giant solar power project in the Democratic Republic of Congo. Under the PPA DRC’s state-owned utility, SNEL will be the main power Off-taker of the energy generated by the solar project.

SkyPower Global has also entered into a Joint Development Agreement with Africa Finance Corporation (AFC) for the first phase of the Green Giant solar power project. The 200 MW first phase is expected to cost US$200 million, create 6,000 job years, and add US$700 million to the DRC’s GDP.

Construction work is expected to commence next year once all the necessary approvals have been secured and land allocation completed.