[Solar: Zambia Secures $246M Investment for Nambala Phase II Expansion]

Published: May 13, 2026 17:15

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The Zambia Development Agency (ZDA) and Sunshare Energy signed a $246 million agreement to add 250 MW in the second phase of the Nambala solar plant, bringing the project's total investment to $300 million. Government reforms have significantly streamlined approval timelines, fostering an investor-friendly environment for large-scale projects like Globeleq’s 250 MW solar-plus-storage site. These developments support Zambia’s national target of deploying 1 GW of solar. Current data from AFSIA identifies 977.2 MW of operational solar capacity across the country to date.

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