Mozambique container energy storage transformation

Globeleq sees battery storage as a key technology for Mozambique's future. Storage costs are expected to continue decreasing, so those systems will become more competitive and will be able to contribute more.

Our solar power plant in Cuamba was inaugurated in September of 2023. It marked another milestone for Globeleq and Mozambique, as it was the first IPP to integrate a utility-scale energy storage system.

South Africa has a critical shortage of electricity, and Zambia and Zimbabwe also require power. There is a significant opportunity for Mozambique to increasingly become a power exporter. One of the big challenges of Mozambique is its size and shape, which make the transportation of electrons across the country quite expensive.

First, to ensure that Mozambique has reliable and cost-effective power generation capable of meeting its 2030 electrification goals. Second, to establish Mozambique as a regional power supplier of choice. South Africa has a critical shortage of electricity, and Zambia and Zimbabwe also require power.

Mozambique's investment climate needs to remain predictable, not just in the electricity sector, but also across industries such as tourism, logistics and agriculture that will drive demand for electricity as the economy grows.

The Mocuba solar plant presented a good opportunity for expansion because it was already operational and EDM's experience with the facility was positive. We are working with EDM to potentially double Mocuba's generation capacity and add battery storage, strengthening the grid in Mozambique's central region.