Globeleq to Build $315 Million Solar-Battery Plant in Zambia

Power project developer Globeleq plans to build a 250-megawatt solar and battery hybrid project in Zambia for completion in 2029.

The plant will be capable of four hours of storage from a battery with 150 megawatts of capacity, Globeleq said in a statement. The company, owned by British International Investment and Norfund, targets financial close on the project in December, followed by 24 months of construction.