Neoen Signs PPA for 54MW Solar Power Project in Zambia By Saur News Bureau/ Updated On Wed, Mar 15th, 2017 The 54 MW PPA has won by a consortium of Neoen and First Solar for the development of solar power project in Zambia. French solar power developer Neoen has announced that it has signed off on a power purchase agreement (PPA) for a 54MW solar PV project in Zambia. Neoen signed off on the PPA with ZESCO — the main electricity company in Zambia — with the deal expected to last for 25 years. <a href='https://secure.meilleurmedia.com/www/delivery/ck.php?n=a23dad63&cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'><img src='https://secure.meilleurmedia.com/www/delivery/avw.php?zoneid=17&source=https%3A%2F%2Fwww.saurenergy.com&cb=INSERT_RANDOM_NUMBER_HERE&n=a23dad63&ct0=INSERT_ENCODED_CLICKURL_HERE' border='0' alt='' /></a> The installation was won by a consortium of Neoen and First Solar, with the project selling power to ZESCO at US$0.0602 per kWh. The solar power project was developed by the World Bank and stands as part of the group’s Scaling Solar program. The solar power plant, which stands as a US$60 million investment, will be built and operated in partnership with the Zambian public investment fund Industrial Development Corporation (IDC) and will be the country’s first industrial-scale PV plant. Source: PV Tech Tags: Clean Energy, First Solar, green energy, International, Neoen, Renewable Energy, Solar, Solar Energy, Solar Power, Solar Power Plant, Solar Projects, Solar PV
