Globeleq secures $52.1 million in financing for the Kafue Solar Project, a 40 MWac solar power plant in Zambia. The funding will support the project's construction and operation.
PRIVATEOct 01, 2026
Amount Raised
$52.1 Million
Round Type
Venture
NairobiConstructionBuilding Maintenance
Investors
British International InvestmentFmo
Description
Globeleq has reached financial close on the Kafue Solar Project in Zambia, securing $52.1 million in financing from FMO and British International Investment. The project will provide clean energy to 38,000 households and create approximately 200 local jobs. It aims to avoid around 48,000 tonnes of CO2 emissions annually. The partnership emphasizes the role of private sector investment in renewable energy.
Company Information
Company
Globeleq
Location
Nairobi, Nairobi County, Kenya
About
Globeleq, which is owned 70% by British International Investment and 30% by Norfund, is providing equity, project development and construction management experience. Globeleq will operate and maintain the power plant once it has reached commercial operations in 2025.
Fundz sees it the moment Globeleq raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
NairobiConstructionBuilding Maintenance