City of Kafue, Republic of Zambia — South of Lusaka
The Kafue Solar Power Plant is a 50 MWp grid-connected solar photovoltaic power plant located near the town of Kafue, approximately 40 km south of the Zambian capital Lusaka. The project has been developed by Wendit Group GmbH, a German multidisciplinary technology and service group founded in 2017 and headquartered in Regensburg, with established subsidiaries across six African countries including Zambia. The project will be registered under a dedicated Special Purpose Vehicle (SPV) fully owned by Wendit Group, and the entire SPV — or a portion of its shares — is available to qualifying investors.
The project site sits at an average altitude of approximately 1,100 metres above sea level near Kafue, benefiting from consistently high solar irradiation throughout the year. The anticipated buildable area covers up to 60 hectares, with roughly 15% of the secured land being flat and the remainder gently sloping. The site is well served by regional road infrastructure, with logistics access to ports in neighbouring countries to support equipment importation during the construction phase.
The solar resource assessment was conducted using PVsyst design software with the Meteonorm satellite dataset, which provides long-term averaged irradiation data derived from multiple years of satellite observation. Kafue's location in south-central Zambia, at approximately 1,100 metres above sea level, places it within a zone of consistently high global horizontal irradiation throughout the year, with limited cloud cover variability compared to more coastal or equatorial African sites.
The project site is located near the town of Kafue, south of Lusaka, accessible via established regional road infrastructure. The terrain is predominantly gently sloping, with 15% of the secured land classified as flat and the remainder moderately undulating — topography that is compatible with both fixed-tilt and single-axis tracker mounting systems. The anticipated buildable area extends to up to 60 hectares, providing sufficient space for the 50 MWp installed capacity with appropriate setbacks, access roads, and substation infrastructure.
The grid connection approach is based on a preliminary ZESKO grid connection study, which has confirmed sufficient capacity available for the project. Connection will be achieved via a combined underground and aerial transmission line linking the project's Independent Power Producer (IPP) substation to an existing 150 kV transformer in Kafue. The total connection distance is approximately 15 kilometres, of which the first kilometre is planned as underground cable before transitioning to an overhead aerial line. This is a technically standard and cost-efficient connection approach for the distances and voltage levels involved.
In March 2024, the Zambian Ministry of Energy granted an In Principle Approval (IPA) to Wendit Group for the development, financing, and construction of a 50 MWp solar park at Kafue. Building on this approval, a Power Purchase Agreement was signed between Wendit Group and ZESKO Zambia in July 2024. The PPA has subsequently received approval from the Energy Regulation Board, the statutory body responsible for licensing and regulating the Zambian energy sector, completing the core regulatory stack for the project.
The feed-in tariff of USD 0.07/kWh, indexed at 1.5% per annum over the 25-year term, provides a predictable and growing USD-denominated revenue stream. At P50 yield of 120,050 MWh, this implies gross annual revenue of approximately USD 8.4 million in year one, rising progressively with the annual indexation. The 25-year contracted tenor provides the revenue visibility typically required for senior debt financing, making the project structurally bankable once equity commitments are secured and financial close achieved.
The Kafue project will be held under a dedicated Special Purpose Vehicle (SPV), 100% owned directly and indirectly by Wendit Group GmbH at this stage. Wendit Group is seeking qualified investors to acquire a partial or full stake in the SPV, or to engage via alternative structures including a Joint Development Agreement (JDA). As a first step, interested parties are invited to submit an expression of interest specifying the share percentage they wish to acquire and their preferred transaction structure.
The Kafue project is formally classified as "Ready to Bid" — a designation that reflects the completion of all primary development prerequisites required to initiate a competitive or bilateral financing process. The project has assembled a comprehensive suite of preliminary studies, regulatory approvals, and contractual instruments that collectively represent the preparatory work typically required before financial close. The table below summarises the current status of each key deliverable.
| Document / Authorisation | Status | Notes |
|---|---|---|
| Land Purchase Agreement | Available | Exclusive land purchase agreement secured by Wendit Group |
| Preliminary Layout & Yield Assessment | Available | PVsyst simulation using Meteonorm satellite dataset |
| Preliminary ZESKO Grid Connection Study | Available | Confirms sufficient capacity; 150 kV connection identified |
| Preliminary Environmental Impact Assessment | Available | Preliminary EIA completed; full ESIA to be initiated post-financial close |
| Preliminary Geological & Geotechnical Assessment | Available | Preliminary survey complete; detailed investigation at EPC stage |
| Topographical Studies | Available | Site topography mapped and available for review |
| Ministry of Energy Implementation Agreement | Signed & Available | IPA granted March 2024 — formal government backing confirmed |
| PPA Contract | Signed & Available | Signed by Wendit Group and ZESKO Zambia — July 2024 |
| PPA Approval — Energy Regulation Board | Signed & Available | Energy Regulation Board of Zambia approval obtained and on file |
The following risk assessment is a preliminary qualitative overview based solely on information disclosed in the Summarised Information Memorandum provided by Wendit Group GmbH. It does not constitute a formal investment risk analysis. Investors should conduct independent technical, legal, and financial due diligence prior to any investment decision.
| Risk Category | Level | Commentary |
|---|---|---|
| Offtake / PPA Risk | Low–Medium | PPA signed with ZESKO and approved by the Energy Regulation Board. USD-denominated tariff with 1.5%/year indexation. PPA effectiveness is conditional on financial close. ZESKO creditworthiness and payment security mechanisms require due diligence review. |
| Solar Resource / Yield Risk | Low | GHI of 2,244 kWh/m² is strong for sub-Saharan Africa. PVsyst simulation conducted with Meteonorm dataset. P50 yield estimate of 120,050 MWh appears consistent with site latitude and irradiation levels. P90/P95 confidence interval should be requested. |
| Land & Site Risk | Low | Exclusive land purchase agreement secured. Up to 60 Ha buildable area identified with topographical, geological, and geotechnical studies completed. Terrain is compatible with standard PV installation approaches. |
| Grid Connection Risk | Medium | Preliminary ZESKO grid study confirms capacity and connection route. ~15 km connection distance to existing 150 kV transformer is standard for utility-scale projects. Final connection terms subject to execution of formal connection agreement. |
| Regulatory & Political Risk | Medium | Zambia has an established IPP framework with active government support for renewable energy. Ministry of Energy IPA granted. Regulatory environment is actively incentivising private investment. Standard emerging market political risk applies. |
| Financial Close Risk | Medium | Project CAPEX and financing structure not disclosed in the SIM. Debt financing terms and cost of capital for Zambia will materially affect project returns. Full financial model required for investor assessment. |
| Construction & EPC Risk | Low | COD contractually required within 15 months of financial close. 50 MWp at this site is a standard project size and technology. Logistics access established via regional roads and neighbouring ports. EPC contractor not yet selected. |
| Currency Risk | Medium | Feed-in tariff is USD-denominated, which provides natural currency protection for USD and EUR investors. Zambian Kwacha exposure for local operating costs applies. Payment security instruments (LC, Escrow) are available under the PPA. |
The Kafue project has progressed through the regulatory and permitting phases and is now positioned at the investment engagement stage. The key historical milestones below reflect the development work completed by Wendit Group to bring the project to "Ready to Bid" status. Post-financial-close milestones are indicative based on the contractual COD requirement of 15 months.
The full data room — including the signed PPA, Ministry Implementation Agreement, PVsyst assessment, grid connection study, and financial model — is available to credentialed investors upon expression of interest. Full or partial SPV acquisition and Joint Development Agreements are available.