ZAMBIA -SkyPower Global, a Canadian renewable energy company, has recently inked a significant 1000 MW power purchase agreement (PPA) with Zambia Electricity Supply Corporation (ZESCO), the state-owned utility.
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This announcement follows SkyPower’s 500 MW PPA with Zimbabwe’s Zimbabwe Electricity Transmission and Distribution Company (ZETDC), signed during the World Future Energy Summit.
The Zambian authorities have warmly welcomed the initiative and christened the “Green Giant Zambia” project, recognizing its alignment with the country’s Integrated Renewable Energy Plan.
President Hakainde Hichilema emphasized the project’s importance in addressing Zambia’s energy needs amidst the current drought conditions attributed to climate change.
The project aims to bolster Zambia’s renewable energy capacity and support its industrial growth ambitions, particularly in the copper production sector.
Once completed, the Green Giant Zambia project has the potential to provide electricity to approximately 4 million households, significantly contributing to the nation’s energy security.
Meanwhile, SkyPower’s project in Zimbabwe, known as the Green Giant Zimbabwe, is slated to be the country’s largest solar project, with a planned capacity of 500 MW.
Upon completion, this initiative is expected to power around 2 million households, highlighting Zimbabwe’s commitment to renewable energy and economic development.
Kerry Adler, CEO of SkyPower, expressed pride in the partnership, underscoring the company’s dedication to global sustainable energy development.
He sees the Green Giant projects as symbols of Zimbabwe’s and Zambia’s commitment to renewable energy and economic prosperity.
Zimbabwe’s renewable energy market has faced challenges due to perceived political and financial risks, deterring investors.
However, SkyPower’s agreement could mark a turning point, potentially catalyzing further investment in renewable energy within the country.
Echoing the sentiment, Edgar Moyo, Zimbabwe’s Minister of Energy, hailed the agreement as a significant step toward transforming the country’s energy sector and ensuring reliable power for its citizens.
Similarly, the Managing Director of ZETDC emphasized the importance of the agreement in securing Zimbabwe’s energy future and driving socio-economic progress.
In February, ZESCO initiated the first phase of an engineering, procurement, and construction (EPC) tender for a 7.5 MW solar plant in Lusaka province, Zambia.
The chosen site for this plant is Kasupe, located within Lusaka province. ZESCO has allocated 35 hectares of previously unused land in Kasupe specifically for developing renewable energy projects.
The tender advertisement highlights ZESCO’s commitment to developing smaller distributed photovoltaic (PV) plants as part of the country’s broader strategy to harness renewable energy sources, diversify its energy portfolio, and enhance the overall energy mix.
ZESCO’s official website outlines its ambitious plan to augment its power generation mix by incorporating a minimum of 1,800 MW of renewable energy over the next decade.
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