Africa GreenCo and Serenje Energy have signed a Heads of Terms for a 20-year Power Purchase Agreement (PPA) to develop the Lusanje Solar Plant, a 25 MW grid-connected solar PV project in Zambia’s Lusaka South Multi-Facility Economic Zone (MFEZ). The agreement was announced at the Energy Forum for Africa (EFFA) 2025, marking a significant step in Zambia’s energy transition.
“Once operational, the project will deliver clean, reliable electricity into Zambia’s grid — supporting industrial growth, improving supply security, and strengthening resilience for both households and businesses,” Africa GreenCo said in a statement.
The deal signals Zambia’s growing ability to attract private sector investment without sovereign guarantees, reinforcing confidence among international investors in the country’s ongoing power sector reforms.
Africa GreenCo, a Zambian-headquartered intermediary and energy trader, plays a pivotal role in enabling such investments. The company provides:
- Creditworthy offtake solutions that facilitate renewable energy projects
- Licensed cross-border power trading to unlock regional market access
- Tailored energy services for businesses seeking clean, cost-stable electricity
Currently operating in Zambia, South Africa, Namibia and Zimbabwe, GreenCo plans further expansion across Africa, contributing to integrated, low-carbon power systems that can sustain industrial and economic growth.
The transaction, supported by Stanbic Bank Zambia and other stakeholders, highlights the value of collaboration between financial institutions, energy developers and government regulators in advancing the continent’s renewable energy ambitions.
For entrepreneurs and investors, Lusanje Solar offers a tangible example of how renewable energy can be both profitable and socially impactful, demonstrating that Africa’s energy landscape is increasingly open to innovative, market-driven solutions.
