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Zambia has secured carbon finance under the Zambia–Norway Bilateral Agreement to incentivise independent power producers (IPPs) to generate solar energy for the national grid.
Ministry of Green Economy and Environment Principal Public Relations Officer, Harriet Chimuka, said the arrangement was finalised with support from the Global Green Growth Institute (GGGI) Carbon Transaction Facility.
In a statement issued in Lusaka on Wednesday, Chimuka said the Carbon Feed-In Premium (CFIP) Programme would provide a tariff top-up for solar energy supplied to the grid.
She said the facility was designed to de-risk investments, improve project bankability and make solar businesses more viable.
“Norway will purchase the carbon credits generated by these projects for a period of 10 years, after which the credits will count toward Zambia’s NDC achievement,” Chimuka said.
She said the agreement positions Zambia to attract around US$400 million in investment, scale up renewable energy, enhance energy security and support the country’s climate commitments under the Paris Agreement.
Chimuka added that the CFIP would boost private sector participation and accelerate the transition to clean energy in line with the Government’s plan to diversify the energy mix following the 2023–2024 drought.
“The Government wishes to thank the Kingdom of Norway for its partnership and confidence in Zambia’s climate and energy agenda,” she said.
She said implementation of the programme would prioritise transparency, value for money and measurable emissions reductions.
Chimuka also urged independent power producers to participate in the CFIP, which is open from April 1 to May 31, 2026.
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