Gigawatt Renewables Zambia Ltd, a subsidiary of Gigawatt Global (Netherlands), is developing a US$90 million solar-wind hybrid power plant in Chibombo District. The high-elevation site hosts Zambia's best-performing wind mast and benefits from a strong solar resource (GHI of 2,184 kWh/m²). The project comprises 40 MWp AC solar capacity, additional wind generation capacity, a new 132 kV substation and a long-term offtake arrangement with ZESCO. With an 18-month construction period and a 25-year design life, the project is open to FDI through a majority equity stake.
Project overview
Investment opportunity
Gigawatt Renewables Zambia Ltd, a subsidiary of Gigawatt Global (Netherlands), is seeking a strategic investor to acquire a majority stake in a US$90 million solar-wind hybrid power project in Chibombo District. The project combines a 40 MWp AC solar plant, additional wind generation capacity and a dedicated 132 kV substation at a site with exceptional wind and solar resources. Backed by a long-term offtake arrangement with ZESCO, the project offers stable revenue potential, an 18-month construction period and a 25-year operational life, presenting an attractive opportunity to invest in a utility-scale renewable energy asset with strong long-term growth prospects.
Investment types sought
Project status
Development stage
Feasibility & due diligence
Current status / progress to date
Greenfield development activities, including the feasibility study, environmental impact assessment (EIA) and grid impact study (GIS), have been completed. Resource assessments confirm strong wind and solar potential, and a long-term offtake arrangement with ZESCO is in place.
Additional project information
- Lead agency
- Gigawatt Renewables Zambia Ltd
Expected impact
300
Jobs created / supported
Economic & development benefits
- Expands clean energy generation and strengthens power supply reliability
- Attracts US$90 million in investment and creates local employment opportunities
- Enhances grid infrastructure and supports long-term energy security
Climate & resilience benefits
- Reduces carbon emissions through utility-scale solar and wind power generation
- Diversifies the energy mix with renewable energy sources, enhancing climate resilience
- Supports sustainable low-carbon development through long-term clean energy infrastructure
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.