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.

How much energy will Mozambique generate a year?

The plant will increase Mozambique’s installed capacity by 50% and generate 8.6 TWh per year, enough to power more than 3 million homes. A GREEN REVOLUTION: The country is also actively developing other renewable energy segments, such as solar and wind, which together are expected to represent 20% of domestic energy production by 2040.

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.

What is the optimal power system expansion plan for Mozambique?

The optimal power system expansion plan if wind and solar capacity are allowed to triple to reach almost 3 GW by 2032. Currently, the power system of Mozambique is separated into two transmission networks isolated from one another: the Central-Northern and Southern systems. Over 50% of the annual power demand is seen in the Southern system.

What is Mozambique's energy transition strategy?

Mozambique recently unveiled a game-changing energy transition strategy that is paving the way for heightened investment inflows and universal access to energy across the country.

Should Mozambique export electricity?

One of the big challenges of Mozambique is its size and shape, which make the transportation of electrons across the country quite expensive. Exporting electricity would bring foreign currency that can support investments in domestic transmission and distribution infrastructure.