The World Bank stats show about 700 million people in sub-Saharan Africa do not have access to electricity. The African continent, particularly sub-Sahara Africa, faces an acute shortage of electricity supply. Ironically, the continent is one of the richest places in the world as far as solar energy is concerned.
It is, therefore, something to reckon when Zambia, a country in sub-Sahar Africa, can supply solar power to its citizens at a record lowest price of 6 cents/kWh. This comes after the World Bank partnered with stakeholders in the country in the Scaling Solar initiative to auction solar power for 100 MW (2×50 MW) at 6 cents/kWh.
Zambia’s solar auction puts Africa on the map of regions auctioning the green energy at affordable prices. Other notable countries in the world auctioning solar power at affordable rates include Mexico, India, Peru, and Dubai. In the instance of Dubai, the country holds the world’s record for the most affordable solar power auction at just 3 cents/kWh.
About Zambia’s Solar Power Auction
Zambia’s solar energy auction is a significant milestone achievement than that of Dubai because …read more