Is battery storage a key technology for Mozambique's future?

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.

What is the price of electricity for businesses in Mozambique?

The price of electricity in Mozambique is 0.080 U.S. Dollar per kWh for businesses. This includes all components of the electricity bill such as the cost of power, distribution and taxes. For households, the price is 0.127 U.S. Dollar per kWh.

When did Globeleq & Mozambique launch a solar power plant?

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.

Should Mozambique export electricity?

One of the big challenges of Mozambique is its size and shape, which make the transportation of electrons across the country quite expensive. Exporting electricity would bring foreign currency that can support investments in domestic transmission and distribution infrastructure.

Why should Mozambique be a regional power supplier?

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.

What is Mozambique's investment climate?

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.