Zambia modern energy storage equipment group

Why should German and European service providers invest in Zambia?

For German and European service providers active in the energy sector, Zambia presents significant potential for business development. There are clear needs across the solar energy and storage value chain, including pro-ject development and financing, equipment manufacturing, system inte-gration and contracting.

How much does storage cost in Zambia?

Zambia, between USD 500/kWh and USD 1,000/ kWh. With 3,650 kWh stored during the lifetime of the system, we can compute a cost of storage of USD 0.14/kWh and USD 0.27/kWh.

Why is the manufacturing sector growing in Zambia?

The manufacturing sector accounts for nearly 8% of the GDP. It has been consistently growing due to sustained investments in the sector and a general improvement in the business environment. The 2020 Labour Force Survey states that the manufacturing sector accounts for 27% of formal employment in Zambia.

What are the main industries in Zambia?

Agriculture contributes about 19% to Zambia’s GDP and employs at least 75% of the population (Zam-Stats, 2022). Domestic production comprises crops such as maize, sorghum, millet and cassava, while exports are largely driven by sugar, soya beans, coffee, groundnut, rice and cotton as well as floriculture and horticulture.

Is Zambia a copper producer?

Zambia is the second largest producer of copper in Africa and its economy is heavily dependent on copper mining (at least 70% of total exports). Efforts to diversify economic activ-ity or invest revenues from mining to other sectors of the economy have been limited.

Does Zambia have a good solar system?

Zambia benefits from excellent solar resources, with a specific production output between 1,600 and 1,800 kWh/kWp per year. The regions with the best re-sources are the south-west part of the country as well as the region around Lake Bangweulu, east of Mansa.