Zambia Secures 25 MW Solar PPA

Key Figures & Findings: Africa GreenCo and Serenje Energy have signed a memorandum of understanding for a 20-year power purchase agreement (PPA) to develop the 25 MW Lusanje solar plant in the Lusaka South Multi-Facility Economic Zone. Announced during the Africa Energy Forum on September 12, the deal is structured without a sovereign guarantee — the second such agreement in three months — reinforcing Zambia’s reforms to attract private capital into its power sector.

Statistics & Insights: The Lusanje plant follows the 32 MWp Ilute solar park launched in June under a similar framework with GreenCo.. Zambia aims to achieve 1,000 MW of installed solar by the end of 2025, reducing reliance on drought-vulnerable hydropower.

Future Implications: If Zambia sustains this momentum, sovereign-free PPAs could become a credible alternative financing model across Africa. By meeting its 2025 solar target, the country would diversify its energy mix and strengthen resilience for households and industry.

Source: Ecofin Agency

Quick Take: Zambia signs second no-guarantee solar PPA, targeting 1,000 MW by 2025.