Axian Energy Expands into Zambia with 54.3MW Bangweulu Solar Project Acquisition
Axian Energy Enters Zambia with Acquisition of Bangweulu Solar Project
Renewable energy developer Axian Energy has officially entered the Zambian market with the acquisition of the Bangweulu Solar Project, reinforcing its commitment to sustainable energy and pan-African expansion.
Located in Lusaka Province, the Bangweulu Solar Project has an installed capacity of 54.3 megawatts peak (MWp) and generates approximately 87 gigawatt-hours (GWh) of electricity annually — enough to power more than 82,500 households.
Through this transaction, Axian Energy has secured an 85.6% stake in the project, while the Industrial Development Corporation (IDC) of Zambia retains a 14.4% shareholding.
“The acquisition represents the starting point of a series of high-impact projects we are committed to delivering in the country. Our ambition remains unchanged: to tangibly improve the lives of communities, foster energy inclusion, and create new development opportunities across the regions we serve,”
said Benjamin Memmi, CEO of Axian Energy.
The acquisition underscores Axian Energy’s growing footprint in Africa’s renewable energy landscape and highlights its strategy to drive energy access and sustainability across the continent.
