Neoen and Electricidade de Moçambique secured USD 40 million in funding for the 41 MW Central Solar Metoro project, enhancing Mozambique's renewable energy capacity.

Information on the Target

The deal involves the construction of the Central Solar Metoro, a photovoltaic power plant located in northern Mozambique with a total capacity of 41 MW. This project is a collaborative effort between Neoen and Electricidade de Moçambique (EDM). It signifies an important step for Mozambique's energy infrastructure and is expected to contribute significantly to the national grid.

The Central Solar Metoro, upon completion, will not only supply electricity to the national grid but is also projected to enhance the energy access for the provinces of Cabo Delgado and Nampula. The project requires an investment of USD 56 million, which includes creating approximately 30 permanent jobs for the local community, ultimately aiming to boost the economic growth of the Metoro village.

Industry Overview in Mozambique

The renewable energy sector in Mozambique is still in its nascent stages but has substantial potential due to the country’s abundant natural resources. The governm