What is the market for off-grid solar in Mozambique?

The total estimated addressable market for off-grid solar is currently 173 MW, and is expected to grow in line with the growth of the aforementioned sectors. Recent energy policy reforms are also changing the game for off-grid renewables in Mozambique.

Does Mozambique need solar energy?

In the rapidly evolving world of renewable energy, Mozambique has emerged as a significant player, especially in the solar energy sector. With its abundant sunshine and increasing focus on sustainable development, the demand for solar energy systems in Mozambique has seen a considerable rise.

Why is Mozambique a good place to invest in solar energy?

Firstly, Mozambique has a high solar irradiation level, making it an ideal location for harnessing solar energy. This abundant solar resource presents a sustainable and cost-effective solution for addressing the country’s energy needs.

Can PAYGO finance off-grid energy solutions in Mozambique?

Bridgin, Mirova UK and Hypoport Africa have partnered to establish an innovative facility that will finance the receivables of companies distributing off-grid energy solutions in Mozambique through Paygo-enabled distribution models.

Does Mozambican have a solar vision?

However, the Mozambican government have a vision for the country, based on clean electrification for all. The southern African nation possesses serious solar wealth, with 23 TW of its 23,026 GW estimated renewable potential attributed to solar.

Does Mozambique have a strong energy sector?

Over the past two decades, Mozambique has seen steady economic growth, combined with a suite of actions aimed at strengthening the energy sector. The introduction of the Electricity Law in 1997 opened the way to greater participation of the private sector, including the facilitation of Power Purchase Agreements (PPAs).