Vancouver, British Columbia and Lusaka, Zambia — February 23, 2026 — Leads & Copy — Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) is advancing its international utility-scale solar strategy through engagements with the Zambian government and national utility. The activities mark progress toward the next phase of project planning, regulatory alignment, and long-term development as the Company expands its global renewable energy platform.
Chief Operating Officer Eamonn McHugh represented the Company in meetings with senior government officials, national utility leadership, and stakeholders to support the advancement of proposed solar developments. These discussions reinforce Zambia’s commitment to expanding energy infrastructure and partnering with private sector investors to meet growing national demand.
Meetings with representatives from the Ministry of Energy and national leadership highlighted the government’s supportive regulatory environment and willingness to facilitate project approvals. The government recognizes the role private investment will play in expanding electricity capacity.
Zambia’s Vice President Mutale Nalumango said the energy market is huge, especially for solar and clean energy. She noted that energy is needed for industrialization, particularly for mining, and that demand will continue to rise with the growing population. She also mentioned integration with neighboring countries, making the market significant and the work important for powering Zambia’s future growth.
Zambia presents a renewable energy market, supported by solar resources, rising industrial power demand, and a population exceeding 20 million. The country’s openness to foreign investment and focus on energy security create long-term growth opportunities.
Eamonn McHugh, Chief Operating Officer of Stardust Solar, said the company is committed to partnering with governments and utilities to meet the accelerating energy demand. He expressed gratitude for Zambian leadership’s collaboration and shared vision to accelerate deployment of clean energy infrastructure.
The Company also engaged with leadership from ZESCO and stakeholders on Zambia’s electricity demand and need for new generation capacity. The country is prioritizing diversification through solar.
This work builds on the Company’s previously announced 20-year government-backed power purchase agreement (PPA) with Zambia’s national utility ZESCO for a 30MW utility-scale solar project, expected to generate contracted revenue and recurring royalty cash flows over the life of the PPA. The Company recently completed a financing to support project development and strengthen working capital.
Stardust Solar’s engagement in Zambia reflects the Company’s broader strategy to expand its global renewable energy platform through disciplined planning, structured development, and government and utility collaboration. The Company continues to build a scalable international pipeline while supporting long-term energy security and sustainability.
Stardust Solar Energy Inc. supports the installation, development, training, and deployment of residential, commercial, and utility-scale solar solutions across international markets. The Company operates a diversified solar royalty platform, generating recurring revenues through clean-energy franchise installation operations, technology initiatives including the StarDroid AI device, and training and development licences and subscriptions.
Source: Stardust Solar Energy Inc.
