June 9 (Renewables Now) - Тhe US Trade and Development Agency (USTDA) this week announced it has approved funding for a wind project of 130 MW to 140 MW that is being developed in Zambia by the local unit of Access Power Ltd.
The newly-signed grant will be used by Access Wind One Zambia Ltd to conduct feasibility studies in connection with the project located in Pensulo. The total cost of the scheme is estimated at USD 275 million (EUR 246m).
Upon completion in 2019, the wind park will be generating over 500 GWh of electricity a year.
USTDA will also collaborate with local firm Standard Microgrid Initiatives Ltd on a study related to the deployment of containerized minigrid units in rural and peri-urban districts in Zambia. The agency noted that this will be the first large-scale deployment of solar with battery storage mini-grids in Zambia that uses US technologies.
“USTDA is pleased to help introduce U.S. technology to Zambia, increasing access to reliable electricity and supporting the Zambian government in diversifying its energy generation mix,” said Lida Fitts, USTDA’s Sub-Saharan Africa Regional Director.
(USD 1.0 = EUR 0.895)