Saturday, February 22, 2025
spot_img

Government awards concession for Mozambique’s first wind farm to Globeleq and Source energy

The Mozambican government has officially awarded the management of the country’s first wind farm, located in Namaacha, Maputo province, to the consortium formed by the companies Globeleq and Source Energia. The 28-year concession was approved by a decree issued by the Council of Ministers on August 9. The project, valued at 270 million dollars (approximately 17 billion meticais), marks an important step in the diversification of the country’s energy sources.

According to the decree, this public-private partnership aims to increase Mozambique’s installed electricity production capacity, improving security of supply and diversifying energy sources. The Namaacha wind farm will generate energy to be sold to the national electricity grid, helping to strengthen the national energy sector.

The project includes the participation of state-owned Electricidade de Moçambique (EDM), which will have a 5% share in the concessionaire’s shareholder structure, representing the Mozambican state.

“Construction of this wind farm is due to start in the second half of this year and will allow, during the concession period, for an increase in Mozambique’s installed electricity production capacity and security of supply,” the decree points out. In addition, the project aims to create jobs and provide training for local communities, boosting economic development in the region.

Specifically, 230 million dollars (14.5 billion meticais) will be allocated for the construction of the plant, while the remaining 40 million dollars (2.5 billion meticais) will finance the construction of a 40-kilometer electricity transmission line linking Namaacha to Boane.

The project, scheduled for completion in two years, is seen as a milestone for the Mozambican energy sector, underlining the country’s potential for harnessing renewable energy and contributing to the sustainability and resilience of the national electricity grid.

Globeleq, which is leading the consortium, was founded in 2002 and has extensive experience in developing energy projects in Africa. The company currently operates in several countries on the continent, including Tanzania, Ivory Coast, South Africa, Cameroon and Kenya. Source Energia, a partner in the consortium, is a diversified renewable energy platform focused on developing large and small-scale projects in Lusophone Africa, with an emphasis on sustainability and innovation.

This project reflects Mozambique’s commitment to diversifying its energy sources, ensuring the country’s sustainable growth and economic development.

Noticias Relacionadas

More than half a million families had access to energy in 2024

The Ministry of Finance announced that more than 560,000...

EDM recovers 95% of the electricity network damaged by cyclone Chido in Cabo Delgado

Electricidade de Moçambique (EDM) has announced that it has...

Mozambique boosts energy exports to support Zimbabwe in electricity crisis

Mozambique has played an essential role in providing energy...

How Solar Energy can redefine household costs in Mozambique

In times of searching for sustainable energy solutions, a...