The Business Case for Renewable Energy in Uganda
Thermal power gave Uganda the reliable capacity it needed when Electro-Maxx launched in 2005. Twenty years later, the economics and urgency around renewable energy have shifted enough that Simba Group is actively exploring hybrid and renewable additions to its energy portfolio.
Why Now
Solar and hybrid generation costs have fallen sharply over the past decade, while demand for cleaner power from industrial and commercial customers has grown. For a company already operating at scale in energy, adding renewable capacity is less a pivot than a natural extension.
Complementing, Not Replacing
The near-term plan isn't to replace thermal generation outright, but to build renewable and hybrid capacity alongside it, improving reliability while gradually shifting the balance of Simba Group's energy mix toward cleaner sources.
Aligned With a Bigger Bet
This shift sits within Simba Group's broader commitment to Africa's green energy transition, alongside its expansion into large-scale agriculture and its early moves into electric mobility. Energy, food, and transport are increasingly treated as one interconnected bet on a lower-carbon future for the region.