Solar key to Mozambique’s renewables ambitions
Investor interest grows as government prioritises diversification of energy sources and development of clean power
Mozambique’s electricity sector is marked by contradictions: it is a major exporter of power to its neighbours yet under half of its population enjoy access; it is blessed with vast resources of sunshine and wind but has less than 100MW of installed non-hydro renewables. However, the situation is changing. Numerous independent solar power projects (IPPs) are at varying stages of development, backed by an array of international development finance institutions compensating for the wariness of commercial banks to become involved with a heavily indebted government. Recently appointed economy minister Max Tonela—previously holder of the energy portfolio and one-time finance director at state-own
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth