Solar Panda Expands African Footprint with Zambian Acquisition

Canadian solar energy company Solar Panda Corporation has acquired Zambian off-grid solar energy firm VITALITE Zambia Limited as part of its growth strategy in Africa. The deal adds over 100,000 Zambian customers to Solar Panda Corporation’s portfolio and marks Zambia as the company’s third operational market, following Kenya and Senegal.

For VITALITE Zambia Limited, the integration provides access to capital, infrastructure and strategic support to scale operations faster. VITALITE Zambia was the first in Zambia to introduce PAYGO solar home systems, with a focus on rural electrification.

“By joining forces, we will build upon the foundation that VITALITE has created, introduce Solar Panda’s exceptional products and rapidly grow operations to accelerate our shared mission to deliver clean, affordable energy to more Zambian households,” stated Andy Keith, Founder & CEO of Solar Panda.

The deal comes at a time Solar Panda is raising its Series B equity round to fund its international expansion and goal to serve millions of households by 2030.