Pash Global and Tswana Renewables have formed a joint venture to develop small-scale solar power plants in Botswana. A power purchase agreement has already been obtained for the first two 400 kW projects.
Both companies want to invest 35 million dollars in the projects. For two of them, each with a capacity of 400 kW, they have already secured a power purchase agreement (PPA) from Gaborone-based hotel group Travelodge and water tank manufacturer Ramotswel. Both factories are scheduled to be completed by the end of August.
“Currently we have 30MW of 25-35 individual grid-connected solar projects of around 400kW in the pipeline, some larger and some slightly smaller,” Pash Global CEO Kofi Owusu Bempah said. pv magazine. “The idea is to sell electricity to private electricity consumers. We like Botswana because the penetration of renewable energy is very low, which allows us to negotiate directly with private companies to support their energy needs and lower their electricity costs.
The projects have a levelized cost of energy (LCOE) of 0.08-0.10 USD/kWh. The projects are located in areas such as Gaborone, Ramotswe and Lobatse.
The names of the other donors will be announced when the electricity purchase agreements have been signed.
Pash Global plans to collaborate with other partners in this project and go to other countries such as Ghana, Nigeria, Cameroon, Zimbabwe, Mali and South Africa.