The latest planning and construction of mozambique s energy storage policy

What is Mozambique's energy transition strategy?

Mozambique’s government has approved a $80bn (£63bn) strategy to reduce the nation’s dependence on fossil fuels, boost renewable energy capacity and increase electricity availability by 2050. President Filipe Nyusi is expected to officially present the full energy transition strategy during the COP28 climate summit in Dubai.

How will electricity be sold in Mozambique?

Electricity will be sold through a 25-year power purchase agreement with EDM. The $32 million project will contribute to the Mozambique government’s ‘Energy for All’ strategy, aiming to have universal energy access by 2030. Have you read?

What is Mozambique's 'energy for all' project?

The $32 million project will contribute to the Mozambique government’s ‘Energy for All’ strategy, aiming to have universal energy access by 2030. Have you read? The project is expected to receive $19m of debt funding from the Emerging Africa Infrastructure Fund, which is a member of the Private Infrastructure Development Group (PIDG).

Who is the project EPC contractor for Mozambique?

Spanish company TSK has been appointed as project EPC contractor. Globeleq will oversee the construction of the eventual operation of the power plant, supported by Source Energia. Globeleq, Source Energia and EDM start construction on the first IPP in Mozambique to integrate utility-scale energy storage and solar.

Does Mozambique have a natural gas problem?

Mozambique, which exported its first liquefied natural gas in November 2022 and is hoping for huge gas discoveries, is already suffering the consequences of the warming climate.

Why is the UK partnering with Mozambique?

Nnenne Iwuji, British High Commissioner to Mozambique, commented: “The UK Government is actively partnering with Mozambique on the development of its renewable energy potential, through investments such as this, as well as through our BRILHO-Energy Africa programme which encourages private sector investment in off-grid energy solutions.