AfDB’s sustainable energy fund to support first utility-scale solar PV project in Lesotho

The African Development Bank- (AfDB-) managed Sustainable Energy Fund for Africa (Sefa) has approved a $695 500 grant to NEO I SPV, a subsidiary of independent power producer OnePower Lesotho, to support the preparation of a bankable business case for the development of the winning project of the 2016 Lesotho 20 MW solar photovoltaic (PV) tender. “The bank will support the structuring of the project and lead it to bankability. Our ambition is to turn it into a reference solar PV project for the Southern African Development Community region,” AfDB Renewable Energy and Energy Efficiency director Ousseynou Nakoulima stated in a press release on Monday.