Botswana secures P1.7bn renewable energy funding

Friday, July 19, 2024 | 1830 Views |

Going green: Solar power panels at Mogoditshane senior Secondary school. The new funding will boost utility-scale renewable energy projects around the country

The World Bank and the Green Climate Fund have approved a package of loans and grants totalling $125.5 million (P1.7 billion) to help Botswana develop its first 50-megawatt utility-scale battery energy storage system.

The energy storage system, a key project under government’s Integrated Resource Plan (IRP), will support the wave of renewable energy generation in the country, allowing “smooth integration” in the national grid.

In a statement, the World Bank and its funding partners said the loans and grants would also go towards the necessary grid investment required for the project, as well as grid expansion to rural villages and the improvement of electricity services in the Southern districts.

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