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    MIGA Guarantees Financing For 20.0MW Solar-Plus-Storage Project In Malawi


    July 28, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      MIGA Guarantees Financing For 20.0MW Solar-Plus-Storage Project In Malawi

      • 28 Jul 2022
      • Malawi
      • Infrastructure

      News: The Multilateral Investment Guarantee Agency (MIGA) has issued USD24.0.0mn guarantee to JCM Golomoti UK for equity and shareholder loan investment into Golomoti JCM Solar for the development, construction and operation of a solar-plus-storage project in Malawi. The 20.0MW facility will feature a 5.0MW/10.0MWh battery energy storage system. The 20-year guarantees will protect the independent power producer against the risks of transfer restriction and breach of contract, according to a press release from MIGA.

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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