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.

How much energy will Mozambique generate a year?

The plant will increase Mozambique’s installed capacity by 50% and generate 8.6 TWh per year, enough to power more than 3 million homes. A GREEN REVOLUTION: The country is also actively developing other renewable energy segments, such as solar and wind, which together are expected to represent 20% of domestic energy production by 2040.

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.

Does Mozambique use natural gas as a transitional fuel?

GAS IN THE ENERGY TRANSITION: With the largest natural gas reserves in sub-Saharan Africa, Mozambique is also focused on utilising clean gas as a transitional fuel for its power generation sector. A giant 2-GW combined-cycle gas turbine power plant is being planned in Beluluane, near Maputo.

What is Mozambique's energy transition strategy?

Mozambique recently unveiled a game-changing energy transition strategy that is paving the way for heightened investment inflows and universal access to energy across the country.

What is Globeleq's first greenfield project in Mozambique?

The US$36 million Cuamba Solar plant is also Globeleq’s first greenfield project in Mozambique and the Group’s first combined solar and storage plant in its operating portfolio.