Mozambique is taking significant steps to boost its renewable energy sector, aiming to integrate more solar and wind energy into its power grid. The government’s goal is to achieve a 20% mix of renewable energy by 2040, with the International Finance Corporation (IFC) playing a key role in this transition. According to the International Renewable Energy Agency (IRENA), Mozambique has the potential to generate 98% of its electricity from renewable sources by 2025, showcasing the country’s vast resources in hydropower, wind, solar, and biomass. You can read more about Mozambique’s renewable energy targets at PVKnowhow.
IFC Supports Mozambique Renewable Energy Development
The IFC has launched the first tender for the procurement of renewable energy in Mozambique, seeking Expressions of Interest (EOI) for the development of up to 200 megawatts (MW) of solar and wind energy capacity. This initiative is part of Mozambique’s broader strategy to diversify its energy mix and reduce reliance on traditional energy sources like hydropower and natural gas. By introducing solar and wind energy, the country aims to improve energy stability, reduce its carbon footprint, and align with global trends in sustainable energy development. The IFC’s renewable energy initiative in Mozambique is expected to attract significant interest from global and local investors. The project will be implemented through a transparent and competitive tender process, ensuring that the best proposals are selected to contribute to the country’s renewable energy goals. For more details on this tender, see this article from Energy Voice: Mozambique launches first renewable energy tender.
Scaling Solar Program for Mozambique Renewable Energy
The 200 MW tender is part of a larger project that includes the development of 1.5 gigawatts (GW) of solar and wind power, supported by the World Bank. This broader initiative is designed to create a sustainable and reliable energy infrastructure in Mozambique, reducing the country’s dependence on fossil fuels and promoting environmental sustainability. Mozambique’s Ministry of Mineral Resources and Energy (MIREME) and Electricity of Mozambique (EDM) have partnered with the IFC to implement this ambitious renewable energy program, which is part of the IFC’s Scaling Solar initiative. Scaling Solar aims to increase access to renewable energy in emerging markets by creating a transparent and competitive bidding process. The deadline for submitting Expressions of Interest was June 17, 2024. Interested developers were encouraged to submit their proposals through the designated email address: [email protected], in accordance with the guidelines outlined in the Request for Expressions of Interest (REOI) document.
Mozambique’s Commitment to Renewable Energy Expansion
Mozambique’s focus on renewable energy has gained momentum in recent years, with several projects underway to enhance the country’s energy infrastructure. These projects include a $47 million initiative launched by the African Development Bank (AfDB) in January 2024. This project includes the construction of a 25 MW solar power plant and a 20 MW battery storage system in Nampula Province, expected to provide clean and reliable electricity to over 300,000 people. The AfDB’s initiative is also expected to create jobs and stimulate economic growth in the region. Further demonstrating this commitment, Mozambique has seen plans revealed for a new $110.6 million solar project in Moamba, aiming to reduce reliance on hydropower and boost the local economy. You can learn more about this project at PVKnowhow. Another noteworthy development is a solar tender launched by MIREME and ARENE for decentralized solar and battery storage systems, further highlighting Mozambique’s dedication to expanding its renewable energy infrastructure. For further information on this tender, refer to PVKnowhow.
Large-Scale Investments in Mozambique Renewable Energy
Earlier this year, Mozambique also secured a $300 million investment from the International Development Association (IDA) to develop a 300 MW solar power plant in the Tete Province. This project, expected to be completed by 2025, will significantly boost the country’s renewable energy capacity and reduce its reliance on fossil fuels. The Tete solar power plant is a key component of Mozambique’s broader strategy to diversify its energy mix and promote sustainable development. For more news and updates on solar projects in Mozambique, visit PVKnowhow’s Mozambique Solar News Archives. These initiatives demonstrate Mozambique’s commitment to sustainable development and environmental stewardship, addressing its energy needs while contributing to the global fight against climate change.
