Globeleq
Company description
Globeleq is an independent power producer (IPP) with a focus on developing, acquiring, and operating power generation projects across Africa. It is a private company dedicated to bridging the energy gap in various regions by investing in and operating power generation assets. It specializes in the development, acquisition, and operation of power generation projects. This includes a diverse range of energy sources such as thermal, renewable (including solar and wind), and gas. Globeleq has been involved in a variety of power projects, including both grid-connected and off-grid initiatives.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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November 05, 2024
US$225 million raised to finance 120 MW Onshore wind farm in Mozambique
The African Development Bank (AfDB) has approved a US$54 million loan for a 120 MW onshore wind farm to be located 50 km west of the capital, Maputo, Mozambique.
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January 18, 2024
Financial Close to be achieved soon for 120 MW Wind project in Mozambique
Globeleq has announced that the 120 MW Namaacha wind farm located in southern Mozambique is estimated to reach financial close by mid-2024. The wind farm currently under construction...
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January 02, 2024
Financial close for 35 MW Menengai geothermal project in Kenya
Globeleq and its local project partner Geothermal Development Company (GDC) have reached financial close on their 35 MW Menengai geothermal project in Nakuru County, Kenya. The primary project lender...
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December 29, 2023
Scatec closes sale of 40 MW solar plant in Mozambique
Scatec ASA has closed the divestment of its 52.5% equity share in the 40 MW Mocuba solar power plant in Mozambique to Globeleq for USD 8.5 million. The transaction will generate a net accounting...
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September 25, 2023
Operation started of 19 MW Cuamba solar photovoltaic power plant in Niassa
Mozambique’s government has inaugurated the 19 MW Cuamba solar photovoltaic (PV) power plant in Niassa province in the northwest of the country. Cuamba Solar PV represents Mozambique's ina...
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August 01, 2023
Scatec divests equity share in 40 MW solar PV project in Zambezia
Scatec ASA has announced an agreement with Globeleq, wherein Scatec will sell its 52.5% equity share in the 40 MW Mocuba solar power project, located in Mozambique's Zambézia Province, for a to...
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June 09, 2023
Globeleq starts construction of 35 MW geothermal project in Nakuru
Globeleq has started the construction of its 35 MW Menengai geothermal power plant project located in Nakuru County, Kenya with its project partner Geothermal Development Company (GDC). The proj...
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February 10, 2023
Globeleq selects EPC for 35 MW geothermal project in Nakuru County
Globeleq has signed an engineering, procurement, and construction (EPC) contract as well as a long-term service agreement (LTSA) with Toyota Tsusho Corporation (TTC) for the 35 MW Menengai geothermal...
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January 24, 2023
Globeleq completes refinancing of 31 MW solar PV project in Limpopo
Globeleq has completed a US$71 million senior debt refinancing of its 31 MW Soutpan solar photovoltaic (PV) plant in Limpopo Province, South Africa. Refinancing the project lowers wholesale energy pr...
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December 16, 2022
Globeleq signs financing agreement for 35 MW geothermal project in Nakuru County
Globeleq has signed a US$72 million in debt financing with African Development Bank (AfDB), Finnfund, and the Eastern and Southern African Trade & Development Bank (TDB) for the 35 MW Menengai geo...
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