Zambia Signs $246 Million Solar Investment Deal to Expand Nambala Power Project
Zambia Secures $246M Solar Investment as Nambala Project Expansion Targets 350MW Capacity The Zambia Development Agency (ZDA) and Sunshare Energy Limited (SEL) have signed a $246 million Investment Promotion and Protection Agreement (IPPA) to expand the Nambala Solar Power Plant in Mumbwa, in a move aimed at accelerating Zambia’s renewable energy development. The agreement supports Phase II of the project, which will add 250 megawatts (MW) to the existing facility. This follows Phase I a 100MW installation valued at $54 million bringing the plant’s total planned capacity to 350MW and…
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