Globeleq breaks ground on 15-MW solar-plus-storage plant in Mozambique
- Independent power producer (IPP) Globeleq Generation Ltd has begun construction service a 15-MW solar photovoltaic or pv (PV) park with a 2-MW/7-MWh power storage system in Mozambique.
The firm is building the USD-32-million (EUR 26.4 m) Cuamba Solar plant along with Mozambican state-owned electrical energy utility EDM as well as Source Energia, the renewable energy system of private equity shop Source Capital.
Globeleq anticipates to get USD 19 countless financial debt funding from the Emerging Africa Infrastructure Fund (EAIF) for the project. An additional USD-7-million grant from the Private Infrastructure Development Group's viability gap funding (VGF) give center need to be received too, along with USD 1 million from CDC Plus to make it possible for a budget friendly tariff as well as the energy storage space system.
Located in the Tetereane District of the city of Cuamba, Niassa district, the solar project is the nation's first IPP with an integrated utility-scale energy storage system.
EDM will get the electrical energy generated by the plant under a 25-year power acquisition contract (PPA).
Mozambique is aiming to achieve global energy accessibility by 2030, Globeleq noted.
