News flash
- Africa GreenCo and AXIAN Energy have signed a Heads of Terms for a long-term Power Purchase Agreement (PPA) to support the development of two grid-connected solar PV projects totalling approximately 250 MW in Zambia.
This marks a major step forward in Zambia’s efforts to expand access to clean, affordable, and dependable electricity. The transaction introduces private sector investment without reliance on government guarantees, reflecting growing confidence in Zambia’s energy reforms.
Developed with the support of Standard Bank, this bankable structure shows how public-private collaboration can unlock scale and impact in Zambia.
“This agreement with AXIAN Energy exemplifies Africa GreenCo’s commitment to unlocking renewable energy potential across the region. By providing a secure offtake structure, we are enabling vital investment in Zambia’s clean energy future,” said Cathy Oxby, Chief Commercial Officer at GreenCo.
Author: Bryan Groenendaal
