Zambia Renewable Energy Financing Framework
Supporting the Government of Zambia catalyze private investment in the renewable energy sector to boost electricity generation and diversify the country's energy mix.
Energy generation in Zambia relies almost entirely on hydro power, accounting for nearly 90 percent of its total installed generation capacity. While the country's electrification rate stands at approximately 27.9 percent, it is facing a serious electricity supply deficit from recent droughts.
This initiative will support the Government of Zambia's Renewable Energy Feed-in Tariff (REFIT) policy to develop 100 MW of renewable projects, mostly solar power, through long-tenor project loans. It will provide technical assistance to build capacity for rural electrification, currently at 4 percent, and help local financial institutions carry out renewables and project finance.
The project has an estimated lifespan of 23 years.
- Private sector
- Public sector
General media inquiriesGCF Communications
Phone +82 10 4458 7751
Request for informationGCF Information Disclosure
Request information about this project
Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint
Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
National Designated Authority
News + Stories
GCF and AfDB partner to increase renewable power in Zambia
21 Nov 2019 / The Green Climate Fund (GCF) and the African Development Bank (AfDB) are working together to support a USD 154.0 million renewable energy financing framework in Zambia. Historically, Zambia has relied on hydropower generation for 90% of its energy needs. Since 2015, Zambia has faced challenges in meeting the country’s electricity demand – a challenge that is exacerbated by climate-induced droughts that limit hydroelectric generation.