ZimGreenCo, Dolcin Ink Landmark 50MW Solar Power Deal to Boost Renewable Energy Investment

Zimbabwe’s drive towards sustainable energy development received a major boost after ZimGreenCo and Dolcin Trading signed a landmark 25-year Power Purchase Agreement (PPA) for a 50-megawatt solar power plant near Chegutu.

The agreement marks a significant milestone for the country’s independent power producer (IPP) sector and is expected to accelerate private sector participation in renewable energy generation.

Under the long-term arrangement, ZimGreenCo will purchase electricity generated by the solar facility and supply it to large industrial consumers through the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) network under the existing power wheeling framework.

Industry stakeholders view the deal as a breakthrough for renewable energy financing, as the guaranteed electricity offtake provided by the agreement enhances project bankability and strengthens investor confidence. Secure offtake agreements are widely regarded as a critical requirement for attracting the capital needed to develop large-scale energy projects.

The partnership comes at a time when Zimbabwe is intensifying efforts to expand electricity generation capacity through private investment in order to address persistent power shortages, improve energy security and support industrial growth.

The agreement also underscores the increasingly important role being played by independent power producers in diversifying the country’s energy mix and advancing the transition towards cleaner, more sustainable sources of power.

As Zimbabwe seeks to unlock greater investment in the energy sector, the ZimGreenCo-Dolcin partnership is expected to serve as a model for future renewable energy projects, helping to drive economic growth while strengthening the nation’s long-term energy resilience.

By Witness A Phiri