Stardust Solar Secures 20-Year Zambia PPA for 30MW Utility-Scale Project

Stardust Solar Energy Inc. ( (TSE:SUN) ) has shared an update.

Stardust Solar Energy Inc., through its Zambian subsidiary, has secured a 20-year government-backed power purchase agreement with state utility Zesco Limited for a 30MW utility-scale solar project in Zambia, locking in a fixed tariff of US$0.07 per kWh and an estimated US$60–90 million in gross revenues over the contract term. Under a loan and joint venture structure, Stardust Solar will finance and oversee development and construction of the approximately 45,000-panel facility and, after loan repayment, will receive a 50% royalty on energy revenues, creating a high-margin, long-duration cash stream that marks the largest royalty-based infrastructure transaction in its history and a key step in building a global solar royalty platform; the project, set to begin commercial operations later this year with an initial 2MW phase and sited on 50 hectares that allow potential expansion, also aligns with Zambia’s strategy to strengthen energy security and accelerate its transition to reliable, low‑carbon power.

More about Stardust Solar Energy Inc.

Stardust Solar Energy Inc. is a diversified solar royalty company focused on developing multiple recurring revenue streams across residential, commercial and utility-scale markets in North America, while pursuing international expansion. The company monetizes solar through royalties, licensing, subscription models, training and education programs, and clean‑energy franchise operations, positioning itself as a platform for scalable, sustainability‑driven renewable energy adoption and long-term value creation for shareholders and stakeholders.

Average Trading Volume: 114,243

Technical Sentiment Signal: Hold

Current Market Cap: C$4.89M

Find detailed analytics on SUN stock on TipRanks’ Stock Analysis page.