The Zimbabwe Energy Regulatory Authority (ZERA) says the private sector is showing great interest in setting up renewable energy projects which will transform the energy sector if implemented.

The finalisation of the Renewable Energy Policy is expected to boost investment inflows in the sector, amid reports that the private sector is willing to embark on mega solar projects in the country.

ZERA CEO, Engineer Gloria Magombo said there is overwhelming response by the private sector in undertaking renewable energy projects.

The regulator has licensed more than 20 independent power producers but work on the ground has been slow, owing to funding constraints, while some of the projects have taken off the ground though generating power for own consumption.

The Renewable Energy Policy and other instruments developed by the Ministry of Energy and Power Development are meant to accelerate the adoption of clean and sustainable energy systems in all sectors of the economy and play a critical role in the drive towards building a national green economy.