Mozambique: PPA signed for 40MW solar PV IPP


In depth
Issue 334 - 10 Nov 2016 | 4 minute read

On 31 October, Oslo-based Scatec Solar and Norwegian state investment fund Norfund signed a 25-year power purchase agreement (PPA) with Electricidade de Moçambique (EdM) for a 40MWp solar photovoltaic (PV) project near Mocuba in Zambézia province. The project is a trailblazer for Mozambique, Scatec’s chief financial officer, Mikkel Tørud, told African Energy, as the first solar public private partnership (PPP) in the country, and will help catalyse the market for solar power. It is owned by Central Solar de Mocuba, whose shareholders are Scatec Solar (52.5%), KLP Norfund Investments (22.5%) and EdM (25%).

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