China Energy Proposes $1 Billion Floating Solar Farm In Zimbabwe

Mar 27, 2023 11:19 AM ET
  • 1-gigawatt project would be sited on largest man-made lake
  • Southern Africa region suffers from power shortages

China Energy Engineering Group proposed developing a 1,000-megawatt floating solar farm for Zimbabwe, a virtually $1 billion project, on the globe's biggest man-made lake.

More than 1.8 million solar panels mounted over 146 modular floating devices would be used for the project on Lake Kariba if it went ahead, according to an official report that was planned for the state's power utility as well as prospective private equity funders by the business as well as seen by Bloomberg. The civil engineering works would certainly set you back $186 million and installment $801 million, according to China Energy.

Zimbabwe is facing a severe electrical energy shortages that have actually led to blackouts lasting about 12 hours a day, because low water degrees have actually suppressed generation from a hydropower plant on Lake Kariba. The problem has been intensified by frequent failures at the Hwange thermal power plant.

China Energy has mounted floating panels on China's Dingzhuang River as well as in Thailand, it claimed in the presentation. Interest in such setups, which prevent competition for land and also have the possible to minimize dissipation from reservoirs, have actually enhanced in recent years, according to the International Energy Agency.

The Kariba report was gotten ready for Zimbabwe Power Co., CDF Trust Ltd., Energy China Ltd., as well as the Intensive Energy Users Group, which makes up mining business and also various other large electrical power customers. It imagines mining procedures at some point touching power from the project, which would certainly help the country lower its carbon emissions.

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