Zimbabwe s share of energy storage purchase factors

What is the energy supply in Zimbabwe 2021?

In 2021, energy supply in Zimbabwe is a mix of hydropower (70%), coal (29%) and renewable energy sources, according to the Zimbabwe Energy Regulatory Authority. Over the past five years, independent power producers (IPPs) have explored alternative energy sources such as solar, wind, geothermal, biofuels and biomass.

Should Zimbabwe invest in solar energy?

In the last couple of years there has been an increased focus on solar energy. Zimbabwe has solar irradiation averaging 20 MJ per m2 and 3000 hours of sunshine per year. Its location and climate provide a lucrative opportunity for investment in solar energy technology and the government is looking to provide incentives to leverage in the sector.

What are Zimbabwe's investment opportunities?

Investment opportunities will arise in two main areas in Zimbabwe in the next decade: renewable energy and petroleum. The government has provided incentives to the energy sector and awarded several IPP licenses to different companies, but very few of these projects have been executed.

How did Zimbabwe achieve a fuel blending target?

Zimbabwe imports all of its fuel, and the government had a target to substitute at least 10% of the nation’s fuel requirements by 2020. It sought to achieve this by increasing production of fuel blending by upping the production of ethanol through sugarcane production.

What are the main issues facing Zimbabwe?

The main issues are principally a lack of funding into the exploration of the resource and infrastructure to build a base for the use of this alternative source of power. Zimbabwe imports all of its fuel, and the government had a target to substitute at least 10% of the nation’s fuel requirements by 2020.

Is Zimbabwe a good place to invest?

The low electrification rate in Zimbabwe presents plenty of opportunities for either direct investment (as IPPs) in the sector or joint venture participation with the power utility. The country has large deposits of coal resources which are largely underdeveloped or yet to be used.