CALL Energy, which executes international investments in the renewable energy segment, is expanding its operational presence in the African market. Following its first-phase project in Zambia, which moved to the construction phase after completing its financing, the company signed official protocols for a second-phase investment to be integrated into the adjacent field. With the addition of 60 MWp of photovoltaic (PV) capacity via the new agreement, CALL Energy will double its total solar generation volume in Zambia to 120 MWp.
The electricity generated within this investment model is planned to be commercialized under a 20-year long-term Power Purchase Agreement (PPA) to be signed with Petrodex Energy Trading Zambia Limited. For the credit lines of the project, which will be financed under the long-term PPA matrix, a term sheet has been issued by Standard Bank, one of Africa's premier financial institutions.
Integrated Business Model and Battery Energy Storage Systems
The engineering, procurement, construction (EPC), grid integration, and high-voltage substation processes of the project will be executed on a turnkey basis by YEO Teknoloji. The lithium-ion-based battery energy storage systems (BESS) to be deployed in the facility will be supplied by Reap Battery, YEO Teknoloji's manufacturing subsidiary operating in Istanbul. This integrated supply chain framework aims to showcase the group's dual identity as both an investor and a technology developer in global markets.
1 GW Installed Capacity Target for 2030
Evaluating the supply security parameters in the Zambian energy market and the company's global growth projections, CALL Energy CEO Sacit Akbaş stated:
As CALL Energy, we focus on selective and scalable investments in international markets in line with our target of 1 GW operational installed capacity by 2030. Zambia is an important market for our growth strategy in Africa with its high solar potential, increasing energy demand, and long-term energy sales model. This step we took for the second phase in the adjacent field following our first phase investment doubles our capacity in Zambia while demonstrating our long-term presence and investment commitment in the region. We will continue to generate sustainable and predictable value with our integrated model that considers renewable energy, storage, financing, and EPC capabilities together.
