Is battery storage a key technology for Mozambique's future?

Globeleq sees battery storage as a key technology for Mozambique’s future. Storage costs are expected to continue decreasing, so those systems will become more competitive and will be able to contribute more.

When did Globeleq & Mozambique launch a solar power plant?

Our solar power plant in Cuamba was inaugurated in September of 2023. It marked another milestone for Globeleq and Mozambique, as it was the first IPP to integrate a utility-scale energy storage system.

How much solar energy does Mozambique have?

Mozambique has a potential solar energy yield estimated between 1,785 and 2,206 kWh/m2/year, resulting in a solar energy potential of 23,000GWh/year. In August 2019, the first grid-ready solar power station, the 40 megawatts Mocuba Solar Power Station, in Mocuba District, Zambezia Province, achieved commercial commissioning.

What energy sources are available in Mozambique?

Mozambique has abundant energy sources available for exploitation. As of 2021, the country was ranked first in energy potential of all the countries in the Southern African Power Pool (SAPP), with an estimated energy capacity of 187,000 MW. Available energy sources include coal, hydroelectricity, natural gas, solar energy and wind power.

What is the price of electricity for businesses in Mozambique?

The price of electricity in Mozambique is 0.080 U.S. Dollar per kWh for businesses. This includes all components of the electricity bill such as the cost of power, distribution and taxes. For households, the price is 0.127 U.S. Dollar per kWh.

Why is Mozambique a major energy exporter?

Mozambique is a net exporter of energy to countries in the Southern African Power Pool (SAPP) – South Africa being the largest importer. The government view energy exports as a key driver of the Mozambican economy, having passed a new electricity law that simplifies permitting and encourages IPPs activities.