The U.S. Trade and Development Agency (USTDA) has granted funding to Access Power for a 130MW wind power project to be located in Zambia.
According to the press release, the $275 million wind farm will generate around 500 GWh of clean electricity, making it one of the largest renewable energy projects in Sub-Saharan Africa. It will also increase Zambia’s power generation capacity by 6% and help cut back the load shedding that is currently hampering the country’s economic growth.
When the wind power project is completed in 2019 Access Power will own and operate it with EREN Renewable Energy, its strategic partner and an independent power producer.
Regional Director for Sub-Saharan Africa at USTDA, Lida Fitts said: “USTDA is pleased to partner with Access Power on this landmark wind project. Using a combination of renewable energy and energy efficiency technologies, both areas where U.S. technologies excel, has the potential to reduce Zambia’s electricity costs and energize its economy.”
Executive Chairman of Access Power, Reda El Chaar said: “Today, there are no wind projects in Zambia. We are therefore very excited to begin working with USTDA to bring this pioneering project to life and open up this promising sector of Zambia’s economy. This undertaking further solidifies our commitment in providing viable and sustainable solutions for the urgent electrification of Africa.”