Zimbabwe and Zambia Pursue Renewable Energy

Key Figures & Findings:
Zimbabwe and Zambia have taken a significant step toward addressing chronic power shortages by hosting the inaugural Zimbabwe-Zambia Energy Projects Summit in Victoria Falls. The event focused on attracting investments for renewable energy projects, including solar and wind power, as both nations suffer from reduced hydropower due to the drought-stricken Kariba Dam. Vice President Constantino Chiwenga highlighted the untapped potential of solar energy, emphasizing its role in securing energy independence and regional exports. Zambian Energy Minister Makozo Chikote linked renewable energy expansion to the country's increased copper production, positioning mining revenues as a financial backbone for energy projects. Representatives from the European Union and the UK stressed the importance of policy stability in securing investor confidence.

Statistics & Insights:
The Kariba Dam reservoir has plummeted to 2% of capacity, leading to 20-hour daily power outages. Zambia aims to produce 3 million metric tons of copper annually to fund renewable initiatives. Solar farms, with export potential, are positioned as critical solutions to energy insecurity.

Future Implications:
If successful, Zimbabwe and Zambia could reduce hydropower dependency, mitigating future risks tied to climate variability and bolstering renewable energy by 2035.

Source: VOA News