Monday, April 15, 2024
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Energy transition strategy: Mozambique plans to invest in solar power plants

Mozambique intends to expand its energy production capacity by installing more solar power plants in various regions of the country. According to the Energy Transition Strategy (ETS), by 2030 it is planned to introduce a capacity of 1000 MegaWatts (MW) of electricity production into the national grid.

The government recently approved the ETS document, which highlights the installation of more solar power plants as a simple and effective solution to solve the energy shortage dilemma in remote areas, as well as contributing to the energy transition process.

According to the document, an investment of around 80 billion dollars is planned, with the first phase of the plan up to 2030 focused on installing at least 1000 MW of new solar photovoltaic capacity in locations such as Dondo, Lichinga, Manje, Cuamba, Zitundo and others to be identified.

To attract large industrial investors interested in green energy, the document highlights the importance of a favorable business and regulatory environment for the development of large-scale solar and wind energy projects.

By 2050, Mozambique aims to have at least 7.5 GW of installed solar photovoltaic capacity and up to 2.5 GW of wind power capacity. To optimize prices and speed up the expansion of solar and wind capacity, the government plans to rely on the Renewable Energy Auction Programme, introducing competition in the awarding of renewable energy contracts.

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