ZESCO, Zambia’s national power utility, and Korea-based KS Eco Solutions Holdings Limited have signed a power purchase agreement (PPA) for the development of a solar power project in Zambia. The project will have an installed capacity of 500 MW. The project supports the government’s strategy to increase private sector participation in the energy sector through ongoing reforms.
In April 2026, Globeleq launched the Leopards Hill project which combines a 250 MWp solar PV with a 150 MW/600 MWh battery energy storage system. The project, located near Lusaka, is being developed in partnership with Leopard Investment Company and will supply electricity to approximately 150,000 households annually. The project’s financial close is targeted by the end of 2026.
In February 2026, Zambia’s Ministry of Energy entered into an implementation agreement with Goldenray Energy Limited for the development of a 118 MWp solar project in Sinazongwe district in the Southern Province in Zambia. The proposed solar project is scheduled to begin supplying electricity by early 2027. The development is expected to support ongoing initiatives aimed at strengthening the country’s renewable energy portfolio.
