Golomoti solar project in Malawi, which is co-financed by IFU, has won the prestigious title as “Utility-scale solar project of the year”. The title was awarded during AFSIA’s annual awards ceremony held last week in Brussels at the Africa Energy Forum.
The price-winning project is a 20-megawatt PV solar power park that has been constructed by JCM, which is an investee of the Danish SDG Investment Fund, managed by IFU. Moreover, IFU has provided loan financing to the project through Denmark’s Green Future Fund.
“This project is a perfect match with our impact priorities that have a strong focus on improving the living conditions for people in developing countries, supporting the green transition and creating access to essential services like electricity,” said Reik Haahr Müller, VP, Head of Green Energy & infrastructure.
Golomoti is the first commercial solar park in Malawi to introduce a Battery Energy Storage System (BESS). In addition to the installation of the solar modules on trackers this will lead to improved performance of the facility. The solar park will provide electricity for more than 100,000 households and reduce CO2 emissions by around 3,000 tCO2e annually.