150 MW Hybrid Renewable Energy Project in Zambia

Under a USTDA-funded feasibility study, Delphos is advising a developer, Upepo, in relation to the Masaiti Energy Project, a 150 MW hybrid renewable energy plant, consisting of 100 MW of wind, 50 MW of PV solar, and 20 megawatt-hours of battery storage. Delphos’s scope includes the review of the anticipated financing structure for the Project and its financial model.



  • Renewables & Power

Client Name

Upepo Zambia

Services Provided

  • Transaction Advisory


  • Sub-Saharan Africa


  • Zambia