Mozambique: Financial close for Mocuba solar PV project


Issue 365 - 15 Mar 2018 | 1 minute read

A 40MWdc solar photovoltaic (PV) project near the city of Mocuba in Zambézia province has reached financial close, Oslo-based Scatec Solar announced on 6 March. A 25-year power purchase agreement was signed with Electricidade de Moçambique (EdM) in October 2016 and financial close was expected in Q1 2017, but difficulties obtaining government guarantees delayed the process. In June 2017, Scatec Solar’s Roberto Berardo said the project had closed subject to the satisfaction of outstanding conditions, but more delays followed.

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