MCB Ventures Holdings and China Energy Unite for a Green Power Revolution
KEY TAKEAWAYS
Strategic Partnership: MCB has partnered with CHN Xinkong Investment Development (Shenzhen) Co., LTD. (CE subsidiary) to anchor our DeFi fund for the green energy and carbon sector globally.
Pioneering Project: Launching a pilot solar PV farm in Kinshasa, DRC with an initial capacity of 500 MW and aspirations to a distributed infrastructure network of 5.4 GW.
Investment and Management: CHN Energy is providing substantial investment capital (up to $7 billion) to RWA projects, while MCB will construct the DePIN and technical iPPA models
In a momentous development for the renewable energy sector, 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.
Under the SOE investment agreement, all parties will participate collaboratively under the MCB Ventures Holdings company, representing a unified DAO dedicated to democratizing the responsibilities of real-world assets outlined in the transformative endeavor.
>> A United Nation Vision for Sustainable Development
This ambitious partnership's first endeavor is to set up a groundbreaking solar photovoltaic (PV) farm in Kinshasa, the megacity of the Democratic Republic of Congo (DRC). This project will leverage cutting-edge IoT and chipset technology to ensure comprehensive traceability governance, aiming to maximize financial returns through strategic location and innovative EPC implementation. The initial pilot phase of the infrastructure is expected to start with a capacity of at least 300-500MW, with the scope of scaling up to 5.4GW across 26 provinces. The forecasted budget for this extensive project stands estimated at around $7 billion USD, covering comprehensive costs to meet the high demand for reliable power in the country.
>> A Unified Green Power Force
The significant partnership between MCB Ventures Holdings and China Energy highlights the investment to promoting sustainable energy innovations. Through merging their knowledge, assets, and capital sourcing, both organizations are set to transform the energy sector, laying the groundwork for eco-friendly power production in the area.
Ambassador of ECOWAS at United Nations
>> CHN Xinkong Investment Development (Shenzhen) Co., LTD. (CE Subsidiary)
Xinkong Investment Development is the investment arm of China’s Energy International Group for Africa.
Kenyan President William Ruto visits China Energy Office in ShenZhen, China on October 2023 for the investment opportunity
Mr. L.Chris Lu (mid) and Dr. Jane (left) visit China Energy Office in ShenZhen, China on November 2023 for the signing ceremony