$54m loan for Mozambique’s first wind farm approved

Image: Generated using AI by Violetta via AdobeStock

The total cost of the project to build the 120W facility is expected to be $224.5 million, with Mozambique’s national electricity utility EDM the sole off-taker from the wind farm under a 25-year power purchase agreement.

The wind firm, which will be located around 50km from Maputo, will generate 331.6 GWh annually.

The African Development Bank said its construction would create 600 jobs, with a target for 120 to be for women, and 300 for youth.

Globeleq is one of the project developers. Its CEO Jonathan Hoffman said: “The Namaacha Wind Farm is a significant milestone in Mozambique’s journey toward a diversified and sustainable energy landscape. We are proud to partner with EDM and Source Energia in contributing to the government’s ambitious ‘Energy for All by 2030’ program, which is rapidly transforming into a reality for countless Mozambicans. This project reflects our commitment to supporting Mozambique’s clean energy goals and bringing reliable power to the communities we serve.”