Granville Signs $1.1bn Deal for Floating Solar

Key Figures & Findings: Granville Energy, a pan-African renewable energy company, has signed a $1.1 billion Memorandum of Understanding (MoU) with Mainstream Energy Solutions Limited to develop 1 GW floating solar power plant at Kainji Dam, Nigeria. 

 Statistics & Insights:

•  Total Value: The project is valued at US$1.1 billion for the full 1 GW scale.

• Capacity & Phasing: It begins with a 100 MW pilot phase (valued at $110 million) and will scale up to 1 GW capacity. 

• Timeline: The 100 MW pilot phase is expected to generate energy within the next two years.

Future Implications: If successful, this could lead to a network of similar hybrid solar-hydro systems across Southern, Central, and East Africa, reducing dependency on imports and boosting regional resilience.

Source: eNCA

Quick Take: A $1.1bn leap at Kainji Dam — Africa’s floating solar era begins with a 1GW splash.