Afrigather Globeleq’s acquisition of the 41 MW plant considerably expands its renewable power footprint in Mozambique. It additionally comes simply weeks after the corporate started business operations at a 19 MW photo voltaic and seven MWh storage undertaking in Cuamba.
Picture: Globeleq
London-based Globeleq has acquired a 75% stake within the 41 MW Central Photo voltaic de Mocuba PV plant in Mozambique.
The corporate, which focuses on growing, working and buying pursuits in energy services on the African continent, bought a 52.5% stake in Mocuba from Norway’s Scatec and a 22.5% share from fellow Norwegian group KLP Norfund. Electricidade de Moçambique (EDM), the nation’s nationwide energy firm, continues to carry the remaining 25% stake within the plant.
The acquisition considerably expands Globeleq’s renewable power footprint in Mozambique and comes simply weeks after the corporate started business operations of its 19 MW photo voltaic and seven MWh energy storage project in Cuamba. Globeleq mentioned Mocuba additionally represented an vital addition to its photo voltaic PV portfolio in Africa, which now has capability of near 400 MW throughout South Africa, Egypt, Kenya and Mozambique.
Along with Mocuba, the corporate is developing a significant 450 MW gas-to-power undertaking in Temane that may considerably develop the Mozambican nationwide grid when it begins to supply energy on the finish of 2024, offering very important baseload energy to help and allow further renewable energy initiatives.
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On the identical time, the Temane Transmission Challenge is developing a 563 km, 400 kV transmission line that may present a significant hyperlink to the southern part of the Mozambican nationwide grid. Globeleq is likewise advancing its 120 MW wind undertaking at Namaacha, close to Maputo, which is anticipated to achieve monetary shut in 2024.
“We’re steadily constructing a significant enterprise in Mozambique in photo voltaic, wind and gas-to-power of which this acquisition at Mocuba is simply the newest addition,” mentioned Globeleq CEO Mike Scholey. “Mocuba is a superb match inside our pan-African photo voltaic portfolio and I welcome our new colleagues from the plant to Globeleq. 2024 guarantees to be a crucial 12 months for Globeleq in Mozambique because the Temane gas-to-power plant strikes in the direction of business operations and the Namaacha undertaking, the nation’s first wind energy undertaking, is anticipated to achieve monetary shut by mid-2024.”
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