Botala Energy (ASX: $BTE) awarded 4MW solar project in Serowe, Botswana

Botala Energy Ltd (ASX: $BTE) has been awarded a tender for a 4MW Solar Power Plant in Serowe, Botswana by the Botswana Power Corporation. The project secured a 25-year, CPI linked Power Purchase Agreement, marking a significant step in developing Botala's diversified energy portfolio. The project is located in Botala's Serowe Energy Hub next to its proposed 20MW gas/solar hybrid, with Botala's equity fully funded against project development fees.

Executive Commentary on Solar Project Award

The CEO of Botala Energy, Kris Martinick, stated, 'Award of the 4MW solar project marks an important step in Botala becoming a diversified energy company. Anchored on our substantial gas resource, we see this solar project as the first commercial pilot to develop capacity to implement our 24MW gas/solar hybrid in Serowe and our 700MW hybrid near Palapye. We look forward to working with our partners in finalizing this important project.'

Summary of Botala Energy's Solar Project Award

Botala Energy's successful tender for the 4MW Solar Power Plant in Serowe, Botswana, signifies a significant milestone in the company's efforts to diversify its energy portfolio. The 25-year, CPI linked Power Purchase Agreement provides strong project economics, and the project is a crucial part of Botala's strategy to establish local commercial footprints in gas projects and solar/renewables. The company's ambitions include driving the development of hybrid power stations in its Serowe and Leupane Energy Hubs, with a focus on gas/solar hybrids. Botala's CEO, Kris Martinick, emphasized the importance of the solar project in the company's journey towards becoming a diversified energy company and expressed eagerness to finalize the project with their partners.