AfDB Backs Zambia’s 20MW Solar Drive

Key Figures & Findings: The African Development Bank (AfDB) has approved a $14.54 million financing package for the 20-megawatt (MW) Garneton North Solar Project in Zambia’s Copperbelt Province. This private-sector-led initiative represents a total investment and is one of six projects selected under Zambia's GETFiT program (Global Energy Transfer Feed-in Tariffs).

Statistics & Insights:

• Total Investment: The project is valued at $24.5 million.

• AfDB Funding: The package totals $14.54 million (half from AfDB resources, half from a concessional DFI).

• Capacity/Reach: The 20 MW plant will provide clean electricity to approximately 82,000 people and is expected to cut CO₂ emissions by nearly 58,740 tonnes annually.

• Off-take: All generated electricity will be sold to ZESCO under a 25-year take-or-pay Power Purchase Agreement.

Future Implications: Once operational, Garneton North will mark a pivotal step toward restoring investor confidence and driving private-sector-led clean energy growth in Zambia. 

Source: SolarQuarter

Quick Take: Zambia’s solar surge — AfDB’s $14.5M lifeline lights the path to 82,000 homes. ☀️⚡🇿🇲