Botswana, AAAS, Solar Power Deal

Key Figures & Findings: AAAS Energy and Kgalagadi Resources Development Company (trading as Solar Power) have secured financial close for three solar power projects in Botswana, totaling 11MWp. The developments in Charles Hill, Kasane, and Maun will be executed with a $7.8 million investment and backed by 25-year PPAs with Botswana Power Corporation (BPC). This partnership signals growing investor confidence in Botswana’s independent power production framework. Kgalagadi Resources Development Company will act as an EPC contractor for all three sites, while Absa Bank Botswana will provide debt financing. AAAS Energy, an emerging clean energy equity investor in Southern Africa, spearheads the capital structure. These projects fall in line with Botswana’s Integrated Resource Plan, which will contribute directly to the country’s climate and energy diversification targets.

Statistics & Insights: All three plants are expected to be operational by Q1 2026 and will supply clean power to thousands of households under 25-year PPAs with BPC.

Future Implications: If delivered as scheduled, the solar projects could reduce Botswana’s electricity import burden and cut future emissions from diesel-based backup systems by 2026. Their success may trigger further blended-finance clean energy deals across southern Africa.

Source: Renewables Africa