NextGen Solawazi
- Country
- Tanzania
- Technology
- Hybrid Solar-Genset
- Business model
- IPP
ElectriFI’s development finance loan of 64,000 to NextGen Solawazi aims to support the development, construction, and operations of a 5MW solar photovoltaic power plant as an Independent Power Producer under the Tanzanian governmental strategy.
Contract signature date: 2017
Total ElectriFI financing: USD 64 015
Status: exited
About the project:
EDFI ElectriFI committed +USD 64 million to support NextGen Solawazi development, construction, and operations of a 5MW solar photovoltaic power plant as an Independent Power Producer under the Small Power Producer Program in Tanzania.
NextGen Solawazi is a Tanzanian organization focused on building and operating several large scale solar PV power plants connected to mini- and main grids in remote and rural Tanzania. The company is also committed to scaling up the model across several Sub-Saharan African and small island nations. By providing clean, reliable and more affordable electricity in those areas, NextGen Solawazi aims to boost local activity to help reduce poverty and accelerate development in remote and rural areas. The company’s solar power plants are based on a hybrid model integrating modern PV generation with existing legacy diesel plants. The project is (one of) the first solar PV utilities supplying power to an isolated grid at this scale in the region and its success will be an accelerator to future replication of this type of projects in the region.
- Number of beneficiaries
- Annual output (MWh/y)
- GHG avoidance (tCO2eq/y)
Impact
- Financing instrument
- Development financing loan
- Amount
- USD 64,015
- Beneficiary
- NextGen Solawazi
- Country
- Tanzania
- Technology
- Hybrid solar-genset
- Business model
- Independent power producer
- Year
- 2017
- Facility
- ElectriFI global