Mozambique Wind Solar and Energy Storage Power Generation Company

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.

How does Mozambique attract private sector participation in renewables?

Mozambique is leveraging specific mechanisms to attract private sector participation in renewables: PROLER and Get.FiT: The country employs competitive procurement programs, such as the Renewable Energy Auction Promotion Program (PROLER) and the Get.FiT program, to secure new generation capacity.

What is Mozambique's energy mix?

As of 2022, Mozambique's energy mix generation was 78.4% renewable energy, with hydropower accounting for approximately 77% of all electricity generated or 78% of the total generation capacity. The state-owned Hidroeléctrica de Cahora Bassa (HCB) is the largest power generation company.

Can Mozambique scale up solar and wind energy?

The Ministry of Mineral Resources and Energy (MIREME) has announced plans to develop a clear roadmap for scaling up solar and wind energy, aiming for 200 MW by 2025 and 600 MW by 2030. Mozambique's domestic electricity generation is heavily dependent on hydropower.