When did Globeleq & Mozambique launch a solar power plant?

Our solar power plant in Cuamba was inaugurated in September of 2023. It marked another milestone for Globeleq and Mozambique, as it was the first IPP to integrate a utility-scale energy storage system.

What is get fit Mozambique – solar PV + Bess tender?

Currently, the first two tender windows are in preparation: GET FiT Mozambique – Solar PV + BESS tender facilitates investments in grid-connected Solar PV IPP Projects with energy storage. EDM acts as the IPP’s counterpart in Power Purchase Agreements (PPA) and energy off-take.

Is battery storage a key technology for Mozambique's future?

Globeleq sees battery storage as a key technology for Mozambique’s future. Storage costs are expected to continue decreasing, so those systems will become more competitive and will be able to contribute more.

What is Mozambique's investment climate?

Mozambique’s investment climate needs to remain predictable, not just in the electricity sector, but also across industries such as tourism, logistics and agriculture that will drive demand for electricity as the economy grows.

Why should you invest in the Cuamba solar and storage plant?

“The Cuamba solar and storage plant will provide greater energy security and stability in this region of Mozambique and marks a turning point for the Cuamba district. Globeleq, Source Energia and EDM have all invested in this project – a public-private partnership that demonstrates the confidence of international investors in Mozambique.

Should Mozambique export electricity?

One of the big challenges of Mozambique is its size and shape, which make the transportation of electrons across the country quite expensive. Exporting electricity would bring foreign currency that can support investments in domestic transmission and distribution infrastructure.