GET.invest Zimbabwe
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GET.invest Zimbabwe was established in May 2025 with funding from the European Union and Germany. It builds on the services of the broader GET.invest programme to unlock financing for clean energy projects and businesses, and tailors them to the Zimbabwean context.
Zimbabwe’s reliance on hydropower has led to electricity shortages as climate change-induced droughts reduce water availability. Diversifying energy sources is now critical. With abundant solar resources, Zimbabwe has a strong opportunity to harness affordable, fast-deployable renewable energy.
The country also benefits from hosting the Southern African Power Pool (SAPP), a major regional electricity trading platform, which supports affordable energy access through cross-border cooperation. While rural electrification has progressed, universal access remains unmet. To address this, GET.invest Zimbabwe will support clean energy companies and projects through its Finance Access Advisory and boost local currency lending via EDGE Finance. These services aim to unlock investment, scale renewable energy solutions, and drive Zimbabwe’s energy transition and electrification goals.
Partners
GET.invest Zimbabwe is being jointly implemented with GET.transform, ensuring that the regulatory framework is continuously improved to attract and facilitate private investment in the energy sector. The Ministry of Energy and Power Development serves as the Zimbabwean political partner for this initiative. Key international stakeholders, including the World Bank and the African Development Bank, are actively engaged in Zimbabwe’s energy sector, alongside several other multilateral institutions and GET.invest donors such as Sweden and the Netherlands.
Strategic collaboration is envisioned with the state-owned Zimbabwe Electricity Supply Authority (ZESA), the parent company of the Zimbabwe Power Company (ZPC) and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC). Additionally, the Zimbabwe Energy Regulatory Authority (ZERA) will be a key partner in shaping a conducive regulatory environment.
Zimbabwe already hosts a number of Independent Power Producers (IPPs), with a promising pipeline of emerging developers. Their collective interests are represented by the Renewable Energy Association of Zimbabwe (REAZ), which plays a pivotal role in advocating for and supporting the growth of the renewable energy sector.
Eligibility
In addition to GET.invest’s standard eligibility criteria, applications from Zimbabwe are screened using differentiated minimum size thresholds and selection preferences, depending on the project’s market segment and route to market.
Eligible without minimum ticket size or turnover threshold:
- Embedded generation supporting agriculture (on/off-grid)
- Off-grid: mini-grids (productive use), clean cooking, e-mobility
- On-grid projects, with the exception of projects under a bilateral Power Purchase Agreements with ZETDC and projects intending to participate in a government tendering scheme (see below)
In addition, the below preferences will be considered during evaluation:
- Embedded generation at non-agricultural facilities (mining, manufacturing, Commercial and Industrial)
- Projects above 5,000,000 EUR will be prioritised for selection
- Projects intending to wheel power to a private buyer
- Projects above 1,000,000 EUR will be prioritised for selection
- Projects intending to sell through the Southern African Power Pool
- Projects above 5,000,000 EUR will be prioritised for selection
- Projects intending to participate in a Government Tendering Scheme
- Projects above 5,000,000 EUR will be prioritised for selection
- Bilateral Power Purchase Agreements with ZETDC
- Minimum project size is 5,000,000 EUR plus an indication that funding is available for an all-equity project (including the source of the equity)
