Brazil raises solar module import duty from 9.6% to 25%

The financing mechanism is implemented by SEforALL’s Universal Energy Facility (UEF) with funding support from The Rockefeller Foundation.

Sharing his sentiments, Ashvin Dayal, Senior Vice President for Power and Climate at The Rockefeller Foundation, stated: “ZEDSI’s launch is an important milestone in Zambia’s drive to build a more sustainable, equitable energy system. We are proud to support President Hichilema’s efforts to scale solutions that can transform the country’s energy landscape-and with it, the lives of thousands of Zambians.”

Under the ZEDSI mechanism, local and international clean energy companies can apply for a share of $1.4 million (approximately ZMW 37.5 million).

SEforAll’s next step will be to actively support the formulation of a national investment strategy to encourage greater investment in Zambia’s rural electrification sector. The goal is to considerably enhance rural energy resilience and benefit over one million people.