Sector Analysis Zambia Renewable Power Generation and
As the market is still in its infancy, there is great potential for development in this renewable resource-rich country, particularly for German and European companies offering climate
The Zambian regulation foresees customs duty and VAT exemptions for most equipment used in renewable energy or battery storage projects. Detailed information is provided in In this section, we discuss the opportunity of battery storage in combination with solar photovoltaics from a financial point of view.
The Zambian government has set a target to increase its installed solar and wind capacity to 600 MW by 2030. However, the current installed capacity for solar photovoltaics is only 90 MWp, indicating significant underutilisation of Zambia's potential in the renewable energy sector.
Africa Clean Energy Technical Assistance Facility. (2022). Customs Handbook for Solar PV Products in Zambia. Bloomberg New Energy Finance. (2022, December 6). Lithium-ion Battery Pack Prices Rise for First Time to an Average of $151/kWh.
At the end of 2021, Zambia had an installed genera-tion capacity of 3,318 MW, compared to 3,011 MW in 2020. The increase in capacity was due to the commissioning of 300 MW of the 750 MW Kafue Gorge Lower Hydro Power Station and 6 MW of the 15 MW Lusiwasi Upper Hydro Power Station capac-ity in 2021.
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