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Proparco participates in the financing of Namibia's first large-scale solar power plant


Proparco has extended a €37 million guarantee to South Africa’s Standard Bank to finance the construction of a 37 MW photovoltaic solar power plant in Namibia.

The guarantee, which allows for increased coverage over time, allows Standard Bank to extend the maturity of its financing in local currency. Such a mechanism is testament to Proparco’s ability to develop innovative financial products tailored to the needs of the private sector for the financing of renewable energy infrastructure.

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