Financial Close to be achieved soon for 120 MW Wind project in Mozambique
Date
January 18, 2024
Type
Projects
Subtype
Project in construction
Countries
Mozambique
Subsectors
Onshore Wind
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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 is developed in two 60 MW stages. The scope of work also involves the construction of a 40 km 66 kV dual-circuit transmission line connecting to state utility Electricidade de Mocambique’s (EDM) Boane substation, located about 50 km west of Maputo.
The US$250 million project is being developed by Globeleq and African renewable energy platform, Source Energia. In early January 2024, Source Energia has also signed a Power Purchase Agreement along with connection and concession agreements.
