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Soleos Energy, in collaboration with Melci Holdings, has announced the development of a 200MW solar photovoltaic (PV) project in the Democratic Republic of Congo (DRC). The project, valued at $200 million, is expected to significantly boost the region’s renewable energy capacity, providing clean electricity to over a million people and supporting the country’s environmental and economic growth.
The solar power plant will be located in Fipango village, within the Kipushi territory in Haut-Katanga province. The project is projected to generate approximately 350 million kilowatt-hours of electricity annually and reduce 300,000 tons of carbon dioxide emissions each year.
“We are excited to collaborate with Melci Holdings on this transformative project, which will provide much-needed renewable energy infrastructure in the DRC,” said Dhaval Jiyani, CEO of Soleos Energy. “This initiative will address the region’s growing energy demand while delivering social and environmental benefits, including job creation and community development.”
Melci Holdings’ Director, Prof. Madiba, emphasized the project’s impact on the DRC’s energy landscape: “This project represents a turning point in the energy landscape of the DRC. By harnessing solar energy at this scale, we will be able to meet the critical energy demands of the region and pave the way for sustainable growth.”
The solar project will be executed under a 25-year Power Purchase Agreement (PPA) with the national utility, Société Nationale d’Électricité (SNEL), ensuring long-term energy stability for the DRC and solid returns for investors.
According to Jason Temasfieldt, CFO of Soleos Energy, the partnership with Melci Holdings strengthens Soleos’ ability to deliver large-scale solar infrastructure. “This is not just about energy—it’s about creating economic opportunities and sustainable development for local communities,” he added, noting that the company aims to execute up to 1GW of solar projects in the DRC.
The project is expected to create over 2,000 jobs during construction and more than 500 permanent jobs during operation. The groundbreaking ceremony is scheduled for October 19, 2024, with completion expected by late 2025. |
