SolarPower Europe: Vast solar opportunities in Mozambique

3/12/19, 11:03 AM -

In a new report SolarPower Europe's Emerging Markets Task Force identifies vast solar opportunities in Mozambique. The report is the first in a series to examine solar potential in new markets.

Stefano Mantellassi, Vice-President of Eni Energy Solutions and Chair of the Emerging Markets Task Force
Stefano Mantellassi, Vice-President of Eni Energy Solutions and Chair of the Emerging Markets Task Force.

Commenting on the report, Stefano Mantellassi, Vice-President of Eni Energy Solutions and Chair of the Emerging Markets Task Force, said: “Mozambique’s solar potential is very significant, at an estimated 23,000 GW. While it is now virtually untapped, the great variety of international actors supporting the development of the renewables market will help kick start new projects and foster fresh investment. The rising electricity demand, the rapid demographic growth and access to the Southern African Power Pool (SAPP) make Mozambique a promising environment for both utility-scale and off-grid projects, for domestic use and export.”

Identify initiatives and financing tools in new markets

Walburga Hemetsberger, CEO of SolarPower Europe stated: "We are excited to launch our report series on solar opportunities in up-and-coming markets. Many emerging markets are outpacing  markets in terms of solar scale-up, while other high potential markets still lack capital and infrastructure for large-scale deployment. Our goal is to identify initiatives and financing tools that can help solar companies in new markets and ultimately accelerate the global energy transition.”

The Mozambique report provides a snapshot of the country’s business environment and gives an overview of the major demographic and macroeconomic trends. It also analyses issues related to the country’s credit and political risk. The report focuses on the energy context, relevant actors and the regulatory framework for investments in renewables. In 2019, the task force will publish country reports on India, Ivory Coast, Morocco, Myanmar, Senegal and Tunisia. (HCN)

Stay informed, get our free newsletter twice a week. Register here

More useful information:

https://www.pveurope.eu/News/Markets-Money/Intersolar-Europe-Conference-2019-All-eyes-on-Africa

https://www.pveurope.eu/News/Solar-Generator/Engie-expanding-solar-mini-grids-in-Africa

https://www.pveurope.eu/News/Installation/SMA-supplies-largest-PV-plant-in-West-Africa