Photovoltaic glass production plant in Mozambique

Capital and expertise from Scatec Solar, KLP and Norfund enabled the construction of Mozambique's first large-scale solar power plant. Central Solar de Mocuba (CESOM) provides over 79 GWh of electricity annually, which is equivalent to the electricity consumption of more than 170,000 households in Mozambique.

Globeleq's acquisition of the 41 MW plant significantly expands its renewable energy footprint in Mozambique. It also comes just weeks after the company began commercial operations at a 19 MW solar and 7 MWh storage project in Cuamba.

In Mozambique, the adoption of solar energy systems is particularly crucial due to several key factors inherent to the country's situation. Firstly, Mozambique has a high solar irradiation level, making it an ideal location for harnessing solar energy.

London-based Globeleq has acquired a 75% stake in the 41 MW Central Solar de Mocuba PV plant in Mozambique. The company, which specializes in developing, operating and acquiring interests in power facilities on the African continent, purchased a 52.5% stake in Mocuba from Norway's Scatec and a 22.5% share from fellow Norwegian group KLP Norfund.

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.

The plant was built in the Zambezia Province in north-central Mozambique. Mozambique is one of the poorest countries in the world and access to electricity is extremely limited. In rural areas only 6 percent of the population has an electricity supply. National demand for electricity is growing significantly due to industrial and commercial growth.