Green Power is pleased to announce a strategic partnership with Panda Africa, designed to bring reliable and sustainable solar energy solutions to Zambia through secure and flexible financing options. This collaboration aims to address Zambia’s energy needs by making solar energy systems affordable and accessible for a range of clients, including NGOs, donor-funded initiatives, private companies, and government projects. By combining Green Power’s expertise in solar energy products with Panda Africa’s financing and insurance framework, this partnership delivers a dependable alternative to Zambia’s current power challenges.
Comprehensive Financing and Insurance for Sustainable Energy in Zambia
Through this partnership, Green Power and Panda Africa will provide more than just solar equipment; they will deliver complete financing and insurance solutions that safeguard every stage of the project. With structured loan facilities, direct payment mechanisms, and comprehensive risk management strategies, this collaboration is designed to ensure financial security and resilience against challenges such as supply chain disruptions and operational delays.
Key Features of the Green Power and Panda Africa Partnership
- Structured Financing Solutions: Panda Africa offers scalable loan terms with amounts ranging from $50,000 to $30 million. Loan disbursements will be made in stages as project milestones are achieved, providing financial stability while supporting consistent progress and minimising risk.
- Comprehensive Insurance Coverage: All projects benefit from a pre-underwritten insurance facility managed by licensed brokers. This insurance protects against risks such as supply chain interruptions, contractor issues, product damage, and other potential challenges, ensuring that projects remain secure and on track.
- Targeted Client Sectors: This initiative is tailored to support key sectors in Zambia, prioritising projects funded by NGOs, AAA-rated companies, and government entities. These clients benefit from streamlined financing solutions, helping support infrastructure development, educational projects, healthcare, and renewable energy initiatives.
- Due Diligence and Contractor Standards: Panda Africa applies strict vetting criteria for contractors to ensure project success. Contractors must demonstrate at least three years of operational experience and meet rigorous KYC and legal standards. This process helps maintain quality, accountability, and reliability throughout each project’s lifecycle.
A Commitment to Sustainable Growth and Energy Security
By uniting Green Power’s high-quality solar solutions with Panda Africa’s robust financial support systems, this partnership is dedicated to driving sustainable growth and energy security in Zambia. Together, Green Power and Panda Africa aim to empower communities, reduce dependency on unreliable energy sources, and support Zambia’s Vision 2030 goals through clean and reliable power solutions.
