Solar Energy Market in Zimbabwe Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Solar Energy Companies in Zimbabwe and the Market is segmented by Generation Source (Hydropower, Solar, Bioenergy, and others). The Market Sizes and Forecasts Are Provided in terms of installed capacity (MW) for all the above segments.

Solar Energy Market in Zimbabwe Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Zimbabwe Renewable Energy Market Size

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Zimbabwe Renewable Energy Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.00 %
Market Concentration High

Major Players

Zimbabwe Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Zimbabwe Renewable Energy Market with other markets in Energy & Power Industry

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Energy Storage Technology

Zimbabwe Renewable Energy Market Analysis

The Zimbabwe Renewable Energy Market is expected to register a CAGR of greater than 3% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.

  • Over the long term, factors such as increasing renewable energy adoption and supportive government policies are expected to drive the market.
  • On the other hand, the lack of financial backing for renewable energy projects hinders the market's growth.
  • Nevertheless, solving intermittency problems using energy storage systems is expected to create enormous opportunities for the renewable energy market.

Zimbabwe Renewable Energy Industry Overview

The Zimbabwe renewable energy market is highly consolidated. Some of the major players (in no particular order) include Zimbabwe Power Company, Global Solar (Pvt) Ltd, Cool Solar Africa, Nyangani Renewable Energy (Pvt) Ltd, and Iskraemeco Group.

Zimbabwe Renewable Energy Market Leaders

  1. Global Solar (Pvt) Ltd

  2. Cool Solar Africa

  3. Nyangani Renewable Energy (Pvt) Ltd

  4. Zimbabwe Power Company

  5. Iskraemeco Group

  6. *Disclaimer: Major Players sorted in no particular order
Zimbabwe Renewable Energy Market.png
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Zimbabwe Renewable Energy Market News

  • In December 2022, Zimbabwe announced a government implementation agreement (GIA) to expedite the commissioning of 27 solar IPP installations. The 1 GW of projects range from 5 MW arrays to 100 MW solar parks and will cost about USD 1 billion in total.
  • In January 2022, The United Nations Sustainable Development Goals Fund (SDG Fund) approved Zimbabwe's USD 45 Million program on catalyzing investments in Renewable Energy for the acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country. The UN SDG-Fund is contributing USD 10 Million to the program whilst the Government of Zimbabwe, through the Infrastructure Development Bank of Zimbabwe (IDBZ) and local partners, including Old Mutual Investment Group (OMIG), Zimnat Asset Management, and CABS, is supporting the program with a total of USD 35 Million.

Zimbabwe Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Renewable Energy Mix, 2021
  • 4.3 Renewable Energy Installed Capacity and Forecast in MW, till 2028
  • 4.4 Government Policies and Regulations
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Generation Source
    • 5.1.1 Hydropower
    • 5.1.2 Solar
    • 5.1.3 Bioenergy
    • 5.1.4 Other Generation Sources

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Global Solar (Pvt) Ltd.
    • 6.3.2 Cool Solar Africa
    • 6.3.3 Nyangani Renewable Energy (Pvt) Ltd.
    • 6.3.4 Zimbabwe Power Company
    • 6.3.5 Iskraemeco Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Zimbabwe Renewable Energy Industry Segmentation

Renewable energy is energy collected from renewable resources such as sunlight, wind, water movement, and geothermal heat that are naturally replenished on a human timescale. Renewables are a cheaper form of power generation, reducing expenses related to diesel for power generators in remote areas.

The Zimbabwe Renewable Energy Market is segmented by Generation Source. By Generation Source, the market is segmented into Hydropower, Solar, Bioenergy, and others. For each segment, the market sizing and forecasts have been done based on installed capacity (MW.

Generation Source Hydropower
Solar
Bioenergy
Other Generation Sources
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Zimbabwe Renewable Energy Market Research FAQs

What is the current Zimbabwe Renewable Energy Market size?

The Zimbabwe Renewable Energy Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Zimbabwe Renewable Energy Market?

Global Solar (Pvt) Ltd, Cool Solar Africa, Nyangani Renewable Energy (Pvt) Ltd, Zimbabwe Power Company and Iskraemeco Group are the major companies operating in the Zimbabwe Renewable Energy Market.

What years does this Zimbabwe Renewable Energy Market cover?

The report covers the Zimbabwe Renewable Energy Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Zimbabwe Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Zimbabwe Renewable Energy Industry Report

Statistics for the 2025 Zimbabwe Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Zimbabwe Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.