FDI in renewables has proven to serve as a catalyst for driving economic growth and reducing the dependency on fossil-fuel imports, reduction in subsidized electricity supply and providing countries with predictable energy costs for 25 to 30 years.
Development, financing, construction and operation of a 1,000 MW of utility-scale solar PV energy projects through SkyPower’s Green Giant initiative will, generate accessible, efficient and affordable power. It provide an:
· Estimated USD $800M total investment and an estimated USD $3.3B impact on GDP, contributing to sustainable economic growth and local job creation.
· Approximately 32,331 total job years through direct and indirect employment opportunities, promoting skills training and boosting local and regional economic capacity.
· USD $100M for investment initiatives aligning with the UN Sustainable Development Goals (SDGs), and funding for critical healthcare initiatives and Personal Protective Equipment (PPE) supplies.