Quidah is an online platform that connects investors with curated opportunities and expert insights on Africa’s emerging markets, while offering businesses promotional services, partnership facilitation, and market intelligence to attract capital and grow their operations.
Industries
A 70 MW Photovoltaic Project
The 70 MW solar power station project is under construction in the Maseru district. It is the first utility-scale solar project in Lesotho, divided into two phases: the first phase will deliver 30 MW and the second 40 MW, with commissioning scheduled for early 2025.
Strong Public-Private Partnership
The consortium is led by Scatec (Norway) in collaboration with the Lesotho Electricity Company (LEC), the national regulator LEWA, and the government. Scatec holds 60% of the project, while financing includes a $75 million loan from Standard Bank and support from the International Finance Corporation (IFC) for the first 30 MW phase.
Energy Goals and Import Reduction
With about 70% of its electricity currently imported, mainly from South Africa, Lesotho aims to reduce this dependency. This solar plant is expected to provide a sustainable energy source, lower costs, and strengthen national energy security.
Economic and Environmental Impact
The project will create around 200 jobs during construction, with more to come during the operation phase. In addition, the plant will reduce CO₂ emissions by 100,000 tons per year, equivalent to taking 20,000 cars off the road, supporting the country’s goal of net zero emissions by 2050.
This initiative is part of a broader national strategy, which also includes plans for a wind farm in the Maluti Mountains and new hydropower projects. The goal is to achieve 500 MW of renewable energy by 2030, demonstrating Lesotho’s ambition to become a regional leader in green energy.
