Interest in investing in Zimbabwe’s solar power market is on the rise as the Ministry approves 39 solar PV projects for development. The Zimbabwe Energy Regulatory Authority (Zera) has processed 39 solar power projects that have capacity to generate up 1,151.87MW, as the country moves towards renewable energy to increase capacity.
As of 31 July 2019, the Zimbabwe Energy Regulatory Authority (ZERA) had issued more than 77 power generation licences with 42 being solar power projects. A number of IPPs are already selling electricity to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and feeding into the national grid.
The country aims to have solar power take up the largest share of Zimbabwe’s renewable capacity (1575MW), and has introduced various initiatives, such as import tax and VAT incentives and net metering, to ensure this. But large-scale PV projects will drive contribute the most to Zimbabwe’s PV landscape in the years to come
In the last decade, Zimbabwe signed at least six power generation agreements, including solar power that would have added more than 3,000 MW in new electricity to the grid, but the projects failed to take off due to bureaucracy and lack of funding because of the country’s high political risk profile.
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The Zimbabwe Renewable Energy Market is expected to reach 1.41 gigawatt in 2025 and grow at a CAGR of 19.18% to reach 3.39 gigawatt by 2030. Zimbabwe Power …
Government officials in Zimbabwe have said work on a 600 MW floating solar project on Lake Kariba, the world''s largest artificial lake by volume, will be begin next year, starting …
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