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Home Energy

Zimbabwe targets 2000MW from renewable energy by 2030

Energy Capital & Power by Energy Capital & Power
April 27, 2022
in Africa, Energy, Zimbabwe
Reading Time: 2 mins read
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Zimbabwean Minister of Energy and Power Development, H.E. Soda Zhemu, has highlighted the country’s ambitions to generate 2,000 MW of electricity from renewable energy sources by 2030.

With significant potential across the green energy space, the country is targeting the deployment of solar and wind technologies to meet rising demand and reduce the reliance on electricity imports.

“My Ministry’s strategic goal is to achieve and install renewable capacity of 1,100 MW or 16,5% of total electricity, or whichever is higher by 2025 and 2,100 MW or 26% by 2030,” outlined H.E. Minister Zhemu.

Also read: Zimbabwe’s president warns banks could be stripped of licenses

The Zimbabwean government has also applied for $10 million in green funding from the United Nations Sustainable Development Goal fund for technical assistant, project development and capacity building. The Zimbabwe Electricity Supply Authority (ZESA) and several other solar and wind independent power producers (IPPs) currently do not fulfil the southern African country’s electricity needs, hence, Zimbabwe’s power supply shortfall.

To alleviate this shortfall, electricity has to-date been imported via the Southern African Power Pool from South Africa and Mozambique to add on to a combined 1,400 MW from ZESA’s Kariba hydroelectric plant on the Zambezi River and the Hwange thermal power station. The southern African country also seeks to diversify its energy mix by exploring solar energy generation and aims to reach 100 MW of wind energy generation by 2050.

Also read: Zimbabwe evaluates progress of its AMR action plan

The Zimbabwean government has additional aims to expand its electricity market to incorporate the private sector and implement recently adjusted net metering regulations. The adjusted net metering regulations now allow an excess 5 MW of electricity to be fed into the grid from households and businesses in exchange for a reduced electricity bill. New regulations also allow IPPs the option to sell uncapped electricity to private consumers subject to licensing from ZESA. Through diversifying its energy mix with renewables, Zimbabwe will stabilize the country’s power supply and further improve access to electricity.

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Source: Enrgy Capital & Power
Tags: Hwange Thermal Power Stationindependent power producers (IPPs)renewable energySoda Zhemuzambezi riverZESAzimbabweZimbabwe Electricity Supply AuthorityZimbabwe targets 2000MW from renewable energy by 2030Zimbabwean Minister of Energy and Power DevelopmentZimbabwe’s power supplyзимбабвеزيمبابويジンバブエ津巴布韦
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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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