Zambia energy storage enterprise investment cooperation

Why should we invest in solar and wind power projects in Zambia?

Furthermore, utility-scale wind and solar projects have the potential to contribute significantly to the electrical grid as electricity demand rises and the economic viability of these projects improves, thereby enhancing energy mix diversification and supporting Zambia’s broader energy goals.

Why should SMEs invest in the energy sector in Zambia?

Zambia’s residential and public sectors present an opportunity for SMEs and investors in the energy sector, driven by rapid urbanization, rising living standards, and ambitious government electrification and sustainable development goals.

How did Zambia's energy sector achieve a k22.4 billion investment?

The Energy Regulation Board (ERB) has announced that Zambia’s energy sector attracted pledged investments totaling K22.4 billion this year. The investments were facilitated through 471 issued licences and 54 construction permits, spanning petroleum, renewable energy, and electricity sub-sectors.

Why should German and European service providers invest in Zambia?

For German and European service providers active in the energy sector, Zambia presents significant potential for business development. There are clear needs across the solar energy and storage value chain, including pro-ject development and financing, equipment manufacturing, system inte-gration and contracting.

How can commercial and industrial sectors improve energy eficiency in Zambia?

The commercial and industrial sectors in Zambia show significant potential for increased energy demand for various energy use applications and opportunities for energy eficiency improvements, driven by the need for reliable power supplies, cost savings, access to markets, and alignment with national strategies.

Why should investors invest in Zambia's mining sector?

Investors serving Zambia’s mining sector can seize opportunities by adopting energy-eficient and renewable solutions, ensuring reliable energy access, operational eficiency, cost savings, and environmental sustainability. Energy demand in the mining sector is projected to grow from 886 MW in 2020 to 2,052 MW by 2050 according to Zambia’s IRP.