{"id":5679,"date":"2024-05-04T09:49:26","date_gmt":"2024-05-04T09:49:26","guid":{"rendered":"https:\/\/skypower.com\/?p=5679"},"modified":"2024-05-06T11:47:53","modified_gmt":"2024-05-06T11:47:53","slug":"afc-skypower-partner-on-drc-solar-project","status":"publish","type":"post","link":"https:\/\/skypower.com\/?p=5679","title":{"rendered":"AFC, SkyPower Partner on DRC Solar Project"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/skypower.com\/wp-content\/uploads\/2024\/05\/afc.-skypower.-solar-1024x683.jpg\" alt=\"\" class=\"wp-image-5680\" srcset=\"https:\/\/skypower.com\/wp-content\/uploads\/2024\/05\/afc.-skypower.-solar-1024x683.jpg 1024w, https:\/\/skypower.com\/wp-content\/uploads\/2024\/05\/afc.-skypower.-solar-600x400.jpg 600w, https:\/\/skypower.com\/wp-content\/uploads\/2024\/05\/afc.-skypower.-solar-768x512.jpg 768w, https:\/\/skypower.com\/wp-content\/uploads\/2024\/05\/afc.-skypower.-solar.jpg 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Solar energy company SkyPower Global has entered into an agreement with multilateral finance institution Africa Finance Corporation (<a href=\"https:\/\/energycapitalpower.com\/?s=afc\">AFC<\/a>) for the development of a 200 MW solar power project in the Democratic Republic of the Congo (DRC).<\/p>\n\n\n\n<p>Construction of the plant is expected to begin by 2025 and serves as the first phase of a 1 GW solar power purchase agreement previously signed by SkyPower with state-owned utility&nbsp;<em>Soci\u00e9t\u00e9 Nationale d\u2019Electricit\u00e9&nbsp;<\/em>(SNEL).<\/p>\n\n\n\n<p>The DRC has set a target to increase renewable energy generation capacity, with a view to raising electrification rates while addressing climate concerns. In addition, the country\u2019s clean energy development is expected to stimulate GDP growth by $2.3 billion and create approximately 30,000 jobs per year.<\/p>\n\n\n\n<p>\u201cPartnering with AFC exemplifies a concerted effort toward realizing the ambitious goals set by forward-looking countries such as the DRC,\u201d&nbsp;<a href=\"https:\/\/www.africafc.org\/news-and-insights\/news\/skypower-global-and-africa-finance-corporation-forge-strategic-joint-development-agreement-to-propel-drcs-renewable-energy-vision\" target=\"_blank\" rel=\"noreferrer noopener\">said<\/a>&nbsp;Kerry Adler, President &amp; CEO of SkyPower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solar energy company SkyPower Global has entered into an agreement with multilateral finance institution Africa Finance Corporation (AFC) for the development of a 200 MW solar power project in the Democratic Republic of the Congo (DRC). Construction of the plant is expected to begin by 2025 and serves as the first phase of a 1 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5679","post","type-post","status-publish","format-standard","hentry","category-news-press-releases"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/posts\/5679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/skypower.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5679"}],"version-history":[{"count":1,"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/posts\/5679\/revisions"}],"predecessor-version":[{"id":5681,"href":"https:\/\/skypower.com\/index.php?rest_route=\/wp\/v2\/posts\/5679\/revisions\/5681"}],"wp:attachment":[{"href":"https:\/\/skypower.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skypower.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skypower.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}