Zimbabwe Investment and Development Agency has listed the Ravensus 50MW Shangani Solar PV Power Plant as a shovel-ready renewable energy project, as the country grapples with a widening electricity supply gap.
According to the ZIDA Projects Prospectus, “Zimbabwe’s growing electricity deficit is projected to reach 24,000MW by 2040,” with the document noting that “Zimbabwe’s internal power demands exceed supply.”
ZIDA further states that the country’s “daily peak demand ranges from 1700–2200MW while average generation hovers around 1800MW.”
The project, to be developed by Ravensus (Private) Limited, involves “a greenfield 50MW Solar PV Power Plant at Kranspoort Farm, Insiza District, Matabeleland South, Zimbabwe,” according to the prospectus.
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ZIDA says the project is being promoted by Ravensus, “a Special Purpose Vehicle formed in 2021 through a consortium comprising Raven Energy, Sustenergy, and Amanzi Corp.”
The agency adds that “Ravensus has completed all pre-development activities and the project is shovel-ready.”
The document states that the project has already secured “an Independent Power Producer’s licence, Environmental and Social Impact Assessment certification, grid connection approval and a 20-year USD-denominated Power Purchase Agreement with the Intensive Energy Users Group"
Financially, ZIDA projects the development cost at “US$3 million for Phase 1 and US$57 million for Phase 2,” with “projected 20-year revenues of US$174 million and projected profit of US$50 million.”
ZIDA notes that the project “addresses the national energy crisis and climate goals” and highlights that it is “ready to implement – all permits have been secured,” with potential to scale beyond initial capacity as “the project is scalable to 100MWA or more – land already secured.”
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