FMO provides $80 million financing to Solarcentury Africa for solar expansion in Southern Africa
Type: Financing · Technology: Solar · Country: Zambia · Value: $80M · Announced: 2026-06-15
The Dutch Entrepreneurial Development Bank (FMO) is finalizing an $80 million financing package for Solarcentury Africa. This funding will support the expansion of solar energy projects across Zambia, Namibia, and Botswana. The initiative utilizes a merchant solar model to enhance regional energy security. This investment is particularly crucial for Zambia, as it aims to diversify its power mix and address ongoing electricity shortages. The financing package underscores FMO's commitment to renewable energy development in Southern Africa.
Counterparties
- Solarcentury Africa (Borrower)
- FMO (Lender)