Lesotho Solar PV Park is a 25MW solar PV power project. It is planned in Mafeteng, Lesotho. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024. Buy the profile here.
The project is being developed by NEO I SPV. Izuba Energies, One Power Lesotho and Scatec are currently owning the project having ownership stake of 33.34%, 33.33% and 33.33% respectively.
Lesotho Solar PV Park is a ground-mounted solar project which is planned over 40 hectares.
The project cost is expected to be around $26.348m.
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power purchase agreement
The power generated from the project will be sold to Lesotho Electricity under a power purchase agreement for a period of 25 years.
Scatec is expected to render engineering procurement construction services for the solar PV power project.
Scatec is expected to perform operations and maintenance for the solar PV power project.
For more details on Lesotho Solar PV Park, buy the profile here.