Expansion Updates
MCB Ventures Acquires 1100 Hectares of Land in DRC for Solar Project
This strategic acquisition is earmarked for future projects, including DePower initiatives.
HIGHLIGHTS
>> MCB acquires 1100 hectares of land in Kinshasa, Democratic Republic of Congo (DRC)
>> With committed funding in place, acquiring the land was the last remaining significant milestone before securing the Power Purchase Agreement (PPA) for the solar project
MCB Ventures has reached a significant milestone with the acquisition of 1100 hectares of land in Kinshasa, DRC. This strategic move paves the way for the development of solar and future projects in the region. Out of the total land acquired, 110 hectares will be initially utilized for the pilot phase of the DRC solar project.
“The acquisition of this land represents a crucial step forward for MCB Ventures. It underscores the company's commitment to expanding its presence in the renewable energy sector, particularly in regions with abundant solar resources like the DRC. With this land secured, MCB Ventures is now positioned to move forward with the next phase of its solar project..”
MCB Ventures DAO Co-founder, Leo Chris Lu
Land location in Kinshasa, central DRC
PPA Within Reach: MCB Ventures Nears Renewable Energy Milestone
This milestone comes after rigorous planning and diligent efforts by the MCB Ventures team. With committed funding in place, acquiring the land was the last remaining significant milestone before securing the Power Purchase Agreement (PPA) for the solar project. This achievement brings MCB Ventures closer to its goal of establishing a sustainable presence in the renewable energy market.
About MCB Initiative
DePower
Funding is Ready
MCB Ventures Holdings has joined forces with China Energy, the largest country government fund dedicated to clean power initiatives. This partnership marks a significant stride toward a greener, more sustainable future
MCB Ventures Holdings and China Energy Unite for a Green Power Revolution