All markets


With a cumulative score of 1.55, Zimbabwe ranks number 44 among emerging markets and number 73 in the global ranking.

  • Emerging markets
  • Middle East & Africa

2.01 / 5

Power score

0.50 / 5

Transport score


Buildings score

Only 56 markets (28 emerging markets) are scored on the Buildings sector. See the full list on the methodology page.


Low-carbon strategy

Net-zero goal and strategy

Zimbabwe has set neither a net-zero emissions goal nor a long-term carbon strategy.

Nationally Determined Contributions (NDC)

Zimbabwe in September 2021 submitted a revised Nationally Determined Contribution (NDC) – a country’s plan to achieve the goals set out in the 2015 Paris Agreement – to the United Nations Framework Convention on Climate Change.

The document includes an updated per capita emission reduction target that applies to all Intergovernmental Panel on Climate Change sectors, namely energy; industrial processes and product use; waste; and agriculture, forestry and other land use. The NDC revision process incorporated the impacts of Covid-19 on emissions trends and macroeconomic parameters, including GDP, which fed into the updated baseline.

The new target is a 40% reduction in economy-wide greenhouse gas emissions per capita compared with the business-as-usual (BAU) scenario by 2030 relative to a 2017 baseline, which is conditional upon international support. In the mitigation scenario, economy-wide emissions per capita are projected to be 2.3 metric tons of carbon dioxide equivalent in 2030.

Fossil fuel phase-out policy

There is no fossil fuel phase-out policy in Zimbabwe.


Power policy

Solar is the most promising form of renewable energy generation in Zimbabwe, and several independent power producers have signed power purchase agreements for the power source. In July 2019, the government announced that all new construction projects must include solar and removed import duties on solar energy-related products, from batteries to cables. The move should significantly boost the solar market going forward.

Zimbabwe Power Company (ZPC), the public utility, has plans for a 300-megawatt solar project, which would be the first renewable project in its portfolio, but progress appears uncertain. In May 2020, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) invited bids for the construction of 500 megawatts of solar photovoltaic (PV). Additionally, the Infrastructure Development Bank of Zimbabwe issued a request for proposal in September 2019 seeking partners for the development of seven PV plants totaling 235 megawatts.

Rural electrification efforts are mostly focused on off-grid solutions. The country is targeting universal access by 2030. The most recent version of the National Renewable Energy Policy (2019) recommends implementing a feed-in tariff (FiT) for wind, small hydro, biomass, and geothermal, as well as rooftop solar. The Renewable Energy Feed-In Tariffs (REFIT) are used to benchmark the price at which power can be sold to the utility. These are still not fully implemented.

Power policies

Renewable energy auction
Feed-in Tariff
Import tax incentives
Net Metering
Renewable energy target
VAT incentives

Power prices and costs

National electricity tariffs are roughly $0.106 a kilowatt-hour, compared with a regional average of $0.119 a kilowatt-hour, according to the state-owned utility Zimbabwe Electricity Supply Authority (ZESA).

Zimbabwe’s tariffs are among the highest in the region when accounting for exchange rates. In October 2019, Zimbabwe raised its average electricity tariff by 320% in response to rising fuel prices and inflation stoked by a rapidly depreciating Zimbabwean dollar, which was reintroduced earlier in the year. The tariff increases should enable ZESA to undertake grid maintenance, repair aging coal-fired generation units and cover imports from South Africa and Mozambique.

Tariffs were again increased by 20% in March 2020, followed by 50% raises in both September and October. The national regulator, Zimbabwe Energy Regulatory Authority (ZERA), is operating at a loss and struggling to collect an estimated $1.3 billion owed by defaulters. The government’s mandatory rollout of prepaid meters was designed to bring in more stable revenue. According to ZETDC, the program has improved revenue inflows by 35%.


Power market

Solar is the most commonly funded form of renewable energy, but investment in clean energy has been negligible, with a cumulative total of $24.4 million as of 2021. Most of the capital for funding renewables development comes from foreign investors, but many are wary of political and regulatory risks. Renewable energy investors have asked for policy changes, such as more relaxed licensing rules for small producers.

Overall economic stability is also a concern. The government outlawed all foreign currency in July 2019 and reintroduced the Zimbabwean dollar as the only form of legal tender. The Zimbabwean dollar was wiped out a decade ago due to hyperinflation, with foreign currencies becoming legal tender in 2009. Legitimate worries remain. The Zimbabwe National Statistics Agency reported in August 2021 that annual inflation reached 257% in July.

State-owned ZESA is the holding company for both the national generation utility ZPC and the transmission and distribution utility ZETDC. Hydro accounts for about half of Zimbabwe’s overall power generation, supplied by the Kariba plant on the Zambezi river. Water levels on the river have been low over the past few years, which has contributed greatly to the country’s severe load-shedding. The next largest source of generation is coal, which has also been unreliable due to fuel shortages and cost fluctuations.

Installed Capacity (in MW)

2012201420162018202005001K1.5K2K2.5K MW

Electricity Generation (in GWh)

2012201420162018202002K4K6K8K10K GWh

Utility privatisation

Which segments of the power sector are open to private participation?


Wholesale power market

Does the country have a wholesale power market?

Not available

Doing business and barriers

On average, the country produces about 969 megawatts of daily generation against a peak demand of 1,700 megawatts, resulting in severe load shedding of up to 18 hours a day. Businesses in the country struggle to maintain operations without stable electricity supply. Due to unreliable generation in the country’s own fleet, Zimbabwe imports approximately 400 megawatts from South Africa’s Eskom Holdings SOC Ltd. and Mozambique’s Electricidade de Mocambique in order to meet demand, which is not sustainable in the long term.

All of the country’s five main generation plants have surpassed their 25-year general lifespan and require modernization. However, funding for this is limited. Despite contending with severe load shedding, Zimbabwe exports 80 megawatts to Namibia daily in a 15-year agreement signed in 2015. Renewable energy development can benefit from a 10-year income tax holiday and solar equipment is exempt from import duty as well as value-added tax, effective as of July 2019.

The Indigenization and Economic Empowerment Act, which required at least 51% of shares in any business to be held by indigenous Zimbabweans, impeded foreign investment. In March 2018, the requirement was removed, and foreigners can now own 100% of a company’s shares in Zimbabwe except for platinum and diamond mining companies. This should encourage foreign investment. However, corruption is a persistent issue that impedes international investment. A solar plant project that was earmarked to be built in Gwanda in 2019 stalled after allegations that funds were misappropriated at ZESA. The project has remained in limbo for years due to legal battles since the contract was signed in 2014. The contractor Intratrek Zimbabwe in September 2022 filed a case against ZPC for breaching the agreement.

In the long term, Zimbabwe will consider building a power station near Mozambique’s Hydro Cahora Bassa dam. The national energy regulator has approved several solar power projects, most of which are still to take off.

Fossil fuel subsidies are common in Sub-Saharan Africa. Through bilateral relations and international institutions, the same governments – mainly in the global North – continue to push for consumer fuel subsidy reforms in the global South. In response, fuel riots against price increases have taken place in 41 countries between 2005 and 2018, including Zimbabwe.

Currency of PPAs

Are PPAs (eg. corporate PPAs and all other types) signed in or indexed to U.S. Dollars or Euro?

Not available

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Not available

Fossil fuel price distortions - Subsidies

Does the government influence the wholesale price of fossil fuel (used by thermal power plants) down through subsidies?

Not available

Fossil fuel price distortions - Taxes

Does the government influence the wholesale price of fossil fuel (used by thermal power plants) up through taxes or carbon prices?

Not available


EV market

The government has yet to implement any substantive policy support in this sector and the electric vehicle (EV) market remains at an early stage.

EV policy

The government is working with local private companies to manufacture EVs as outlined in the National Development Strategy published in 2021, which is expected to propel the country Vision 2030, which aims to help the country grow to become a middle-income economy by 2030.

Transport policies

Electric vehicle target
Electric vehicle purchase grant or loan incentive
VAT incentives for EV
Import tax incentives for EV
EV charging infrastructure target
EV charging infrastructure support

Fuel economy standards

Does the country have a fuel economy standard in place?

Not available


Buildings market

Zimbabwe has a draft national energy efficiency policy under discussion that is expected to undergo stakeholder validation. The main goal of the National Energy Efficiency Policy is to encourage the adoption of energy efficiency strategies to support Zimbabwe’s push to become an upper-middle-income economy by 2030.

Energy efficiency policy

Does the country have a national energy efficiency plan?

Not available

Energy efficiency policy

Are there minimum energy performance standards for buildings?

Not available

Energy efficiency incentives

Is there access to loans or grants for energy efficiency measures (i.e. Wall or loft insulation or double glazing)?

Not available

Buildings policy

Zimbabwe enforces a law that places limits on minimum energy efficiency performance standards for household electrical appliances, measured in accordance with the standards for usage and standby power maximum limits. These regulations apply to mains-operated appliances, which are manufactured, imported, and donated for use in this country.

Buildings policies

Low-carbon heat target/roadmap
Tax credits
Boiler scrappage schemes
Heat pumps purchase grants/loans incentive
Ban on boilers: new build homes
Ban on boilers: all homes

Additional insights
from BNEF

Explore more detailed information on global commodity markets and the disruptive technologies driving the transition to a low-carbon economy.

Read more

Powered by

Energy Transition Factbooks

This marks the 11th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. The project has been expanded to include activity not just in clean power but in the decarbonization of the transportation and buildings sectors.

Climatescope 2022 print report cover

Power Transition Factbook

Download factbook
Climatescope 2022 print report cover

Electrified Heating Factbook

Download factbook

Stay up to date

Subscribe to our mailing list to get the latest news about Climatescope directly in your inbox.


© 2023 Climatescope. View license and Privacy policy