Business Reporter
MUTAPA Investment Fund entity, ZESA Holding has debuted the first ever partnership of its kind other like-minded companies to venture into wind energy investment.
The venture will result in Zimbabwe launching its first utility-scale wind farm with the groundbreaking Guruve-Mazowe Hybrid Renewable Energy Project in Mashonaland Central.
Led by MODASA Energy part of the MISA Group and local developer Tatanga Energy, this project uniquely combines 128 MW wind, 100 MWac solar PV, and 50 MW/100 MWh battery storage—all behind a single 100 MW grid connection.
Once operational, the plant will deliver around 550 GWh annually, supplying about 5% of Zimbabwe’s electricity.
Tatanga Energy originated the project, spearheading land, community, and government relations since 2021. MODASA Energy revamped it from a wind-only proposal to a hybrid, structuring technical development, contracting, and finance. MISA Group anchors the project, linking it to international investors and providing crucial financial backing.
The MIF organizes its portfolio into six clusters: Mining Resources, Energy Cluster where ZESA falls under and Trading, ICT, Transport and Logistics, Agriculture and Industrials, Track Investments, Financial Services, and Real Estate.
Since establishment ,the has aided its portfolio companies by mobilising capital, spearheading structural and governance reforms, and introducing commodity-specific verticals to restore productivity.
ZESA CEO Cletus Nyachowe said the project will be the first of its kind to be rolled out in the country.
“This will be Zimbabwe’s first utility-scale wind farm, and our country’s first project to combine wind, solar and battery storage. It means new clean power for Zimbabwe, and new skills for Zimbabweans. We are proud to help build it,” he said.
With ZESA as the primary off taker, talks for the Power Purchase and Use of System Agreements are progressing.Additionally, Africa GreenCo (through ZimGreenCo) will buy some of the output under a long-term deal, potentially selling excess to the Southern African Power Pool.
“There is no shortage of renewable resources in Africa; but there is a shortage of electrons at the right place and the right time, and of bankable, high-quality projects. At MISA Group through Modasa Energy, we’re changing that… The Guruve-Mazowe Hybrid Renewable Energy Project demonstrates this,” says Guy Hacking, CEO of MISA Group.
“A hybrid plant that delivers firm power from wind, solar and storage fits what the market needs,” says Lion Mashiri, Managing Director for Zimbabwe at Africa GreenCo.
This partnership marks a new chapter in bankable, high-quality renewable energy projects for Zimbabwe—and the region.
