- The $36 million Cuamba Solar plant is Globeleq’s first greenfield project in Mozambique and its first combined solar and storage plant.
- The Emerging Africa Infrastructure Fund provided financing for the Cuamba project with US$19 million in debt funding.
Globeleq, the leading independent power company in Africa and its project partners, Source Energia and Electricidade de Moçambique (EDM), the Mozambican national power utility, has announced that it has received formal notification from EDM (the off-taker) that commercial operations at the 19 MWp Cuamba Solar PV and 7 MWh energy storage plant began on 12 September 2023.
The President of the Republic of Mozambique, Filipe Nyusi, the Minister of Mineral Resources and Energy, Hon. Carlos Zacarias, and other distinguished guests officially inaugurated the Cuamba Solar plant on 14 September 2020. This plant is Mozambique’s first combined utility-scale solar and energy storage plant.
The US$36 million Cuamba Solar plant is Globeleq’s first greenfield project in Mozambique. It is also the Group’s first combined solar and storage plant in its operating portfolio. This greenfield project supplies clean energy to EDM through a 25-year power purchase agreement. In addition, it provides power for around 22,000 Mozambican families, displacing over 172,000 tonnes of CO2 over the project’s timeline. The existing Cuamba substation was also upgraded, ensuring the smooth integration of variable solar energy into the grid.
The Emerging Africa Infrastructure Fund, a member of the Private Infrastructure Development Group (PIDG), provided financing for the Cuamba project with US$19 million in debt funding. In addition, PIDG’s Viability Gap Funding grant facility provided US$ 7 million to support an affordable tariff, fund essential grid upgrades and an energy storage system for EDM.