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 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.
Country updates
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January 03, 2024
MoU signed for 260 MW of Solar Projects in Mozambique
Electricidade de Moçambique (EDM) has signed a Memorandum of Understanding (MoU) with pan-African infrastructure investment platform Africa50 to collaborate on the development of solar energy p...
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January 02, 2024
USD 5 billion Agreement inked for 1500 MW hydropower project in Mozambique
The government of Mozambique has signed partnership agreements with the EDF-led consortium for the implementation of the USD 5 billion Mphanda Nkuwa hydropower project in the Tete Province, north...
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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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December 08, 2023
AfDB Approves US$33.3 million Grant For Mozambique Transmission Line Project
The African Development Bank (AfDB) has approved a US$33.3 million grant to implement the Songo-Matambo electricity transmission line project in the Tete province in west-central Mozambique. The proj...
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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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