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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.
Amount Raised
$52.1 Million
Round Type
Venture
NairobiConstructionBuilding MaintenanceInvestors
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.
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Globeleq raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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