GreenCo Signs Power Purchase Agreement for 200 MW Kudu Solar Project in Zambia
GreenCo Secures 200 MW from Zambia’s Kudu Solar Project for Regional Power Markets
Africa GreenCo has signed a power purchase agreement (PPA) with AXIAN Energy for 200 megawatts (MW) of electricity from the planned Kudu solar power project in Zambia, strengthening prospects for the development of new renewable energy capacity and cross-border electricity trading in Southern Africa.
Signed during the Energy Forum for Africa 2026 in Lusaka, the agreement covers 200 MW of grid-deliverable capacity from a solar facility designed to have an installed capacity of 240 MWp.
The project is expected to generate approximately 530 gigawatt-hours (GWh) of electricity annually, according to AXIAN Energy Chief Executive Officer Benjamin Memmi.
Under the agreement, AXIAN Energy will sell the electricity to GreenCo, which plans to market the power to utilities, mining companies, agricultural operators and other commercial customers across the Southern African Power Pool (SAPP).
The agreement provides a route to market for Kudu’s future electricity output, an important step as the project advances towards securing financing and construction. The project’s cost and construction timetable have not been disclosed.
GreenCo operates as an intermediary between independent power producers and electricity consumers, purchasing power from generators and reselling it to multiple buyers.
By broadening the pool of potential customers beyond a single utility, this model can help reduce dependence on one off-taker and improve revenue certainty for power projects seeking financing.
The company is expanding its regional trading portfolio. In June, it signed a similar agreement with SafiriPower for a 50 MW solar project in Kolwezi, in the Democratic Republic of Congo (DRC).
Kudu could also contribute to expanding electricity supply options for industrial consumers across Southern Africa, particularly mining operations in the DRC’s Haut-Katanga and Lualaba provinces, where companies have been seeking more reliable power to sustain production and planned expansion.
However, no specific electricity sales from the Kudu project to the DRC have been announced.
Any cross-border supply will depend on trading arrangements, transmission capacity and the availability of electricity across interconnected regional markets.
For AXIAN Energy, the agreement strengthens the commercial basis for developing Kudu and expands the group’s presence in Zambia’s renewable energy sector. The company already has exposure to the country’s solar market through the 54.3 MWp Bangweulu solar power plant in Kafue District.
The Kudu project reflects the growing role of independent power producers and regional electricity traders in mobilising investment for new generation capacity, while connecting renewable energy projects with utilities and large industrial consumers across Southern Africa.
