Zambia: More support for renewable energy

The African Development Bank (AfDB) announced on 7 March that its proposal for a $50m loan and $2.5m grant to support renewable energy in Zambia has been approved by the board of the Green Climate Fund (GCF). The funds will be used to finance renewable energy projects with total capacity of up to 100MW approved under the renewable energy feed-in tariff (ReFiT), which applies to projects smaller than 20MW. The AfDB said it expected to back primarily solar projects to help Zambia diversify away from hydropower.