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Zimbabwe

With a power score of 1.7, Zimbabwe ranks number 65 among emerging markets and number 92 in the global power ranking.

  • Emerging markets
  • Africa

1.70 / 5

Power score


-46 places

Global power rank change


2021
2022
2023
92
46
92

Overview

Zimbabwe has a power score of 1.7, which puts it at rank 92 in the global power ranking, and rank 65 in the emerging markets power ranking. In comparison to 2021 the power rank of Zimbabwe has remained the same.

At 1.7, the power score of Zimbabwe is better than the regional average of 1.54 in the Africa region.

Regional power score comparison

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Zimbabwe

Power

Power policy

Zimbabwe implements policies in 3/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.

Power policies

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

Power prices and costs

The average electricity price in Zimbabwe has dropped from 114.8 USD/MWh in 2021 to 106.3 USD/MWh in 2022. Since 2017, the average electricity price in Zimbabwe has fluctuated between 100.2 USD/MWh (2017) and 114.8 USD/MWh (2021).

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Power market

The top amount of capacity installed in Zimbabwe in 2022 was in Coal at 46.56%, down from 48.25% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 1.42%, up from 0.2 in 2021.

Installed capacity (in MW)

2014201620182020202205001K1.5K2K2.5K MW

Electricity generation (in GWh)

2014201620182020202202K4K6K8K10K GWh

The largest electricity generating technology in Zimbabwe in 2022 was Large Hydro, generating some 63.37% of electricity, down from 66.74% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Coal at 32.15%, up from 28.8% in 2021.

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Investment in clean energy in Zimbabwe was around $183 million in 2022, an increase of 650% from 2021 ($24.4 million). Between 2017 and 2022, the highest investment in clean energy was in 2019 at $260.6 million, while the lowest was in 2017 with $3.03 million.

Utility privatisation

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

Generation: Yes
Transmission: Yes
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

No

Doing business and barriers

Type

Question

Availability

Currency of PPAs

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

Yes

Type

Question

Availability

Bilateral power contracts

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

Yes

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

No

Type

Question

Availability

Fossil fuel price distortions - Taxes and carbon prices

Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?

Yes

Transport

Transport policy

Zimbabwe does not implement any policies in any of the transport policy categories tracked by Climatescope.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

No
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

Download report

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