Vungu Solar inks 30 MW pilot deal with Zimbabwe government

GPSA signed for Vungu Solar’s 30 MW pilot IPP in Zimbabwe, developed by Energywise, InfraCo, Impala Power, with support from ALSF, EY, and donors.

By Prudhvi Rani 19 Jun 2025 in Business Bytes Project Bytes

New Update

2025-06-19-Vunugu-pr — Vungu Solar has targeted 2026 for financial close and construction start to supply 30 MW of power to ZETDC’s national grid. Image Source: Rural Elec.org

Vungu Solar Pvt Ltd, a Zimbabwe-based solar IPP founded by Energywise, has signed a Government Project Support Agreement (GPSA) with Zimbabwe during the Africa Energy Forum held in Cape Town. The 30MW (AC) solar project was selected as Zimbabwe’s pilot Independent Power Producer (IPP) under a national solar investment program. The initiative is designed to attract funding with bankable, standardized project documentation.Developed by InfraCo, Energywise, and Impala Power, the project is supported by the UK, Netherlands, and Switzerland. Legal and financial advisory support was provided by ALSF, Covington & Burling LLP, Manokore Attorneys, and EY. The GPSA is expected to support construction financing by offering guarantees, cost-reflective tariffs, and currency convertibility. Vungu Solar is expected to reach financial close and begin construction in 2026, supplying power to ZETDC.

#Cape Town #InfraCo #Energywise #ImpalaPower

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Vungu Solar inks 30 MW pilot deal with Zimbabwe government

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Vungu Solar inks 30 MW pilot deal with Zimbabwe government