Zambia signs $246 million investment agreement for Nambala solar plant expansion
Type: Investment · Technology: Solar · Country: Zambia · Capacity: 250 MW · Value: $246M · Announced: 2026-05-12
The Zambian Development Agency and Sunshare Energy Limited have signed a $246 million investment promotion and protection agreement for the second phase of the Nambala solar power plant in Mumbwa, Zambia. This second phase will add 250 MW of solar capacity, following the development of a 100 MW solar plant in the first phase. The total investment across both phases of the Nambala project now stands at $300 million. Government reforms have reportedly reduced approval timelines for energy projects, creating a more investor-friendly environment.
Counterparties
- Zambian Development Agency (Investor)
- SunShare Energy (Investor)