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Wednesday, November 29, 2023

British firms eye Zimbabwe’s renewable energy sector

Story by Stanley James, Business Editor

BRITISH companies are interested in investing in Zimbabwe’s renewable energy sector after making inquiries on the available opportunities.

The Government’s measures to increase viability in the capital-intensive but viable renewable energy sector continue to attract positive investor response.

It comes amid revelations that British investors are more than willing to set up projects within the renewable energy value chains.

This was revealed by the British Embassy in Zimbabwe, Economist, Mr Avi Bram after a presentation at the Business Council for Sustainable Development in Zimbabwe (BCSDZ) conference in Harare on Wednesday.

“One of the priorities in Zimbabwe is to put green economic development as it gives us a cleaner future, so we are already pleased to be invited to the conference at the Business Council for Sustainable Development in Zimbabwe, we talked about the opportunities that UK investors see here in Zimbabwe and also the capabilities that these investors have in the renewable energy sector, it gave us a chance to talk about what UK companies are already doing in support of investments in Zimbabwe,” said Mr Bram.

Business Council for Sustainable Development in Zimbabwe Executive Director Mr Dingane Sithole highlighted the importance of more investors in renewable projects.

“The initiatives that businesses are doing in terms of green energy are critical in terms of attracting investors and performing in a manner that can attract more investors taking into account the green economy agenda being embraced by the global economies across the world,” he said.

Zimbabwe has also introduced several policies aimed at developing renewable energy value chains.

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