Mozambique: Solar Investment Opportunities

In March 2018, SolarPower Europe launched the Emerging Markets Task Force to identify business and cooperation opportunities and thereby contribute to the energy transition in emerging markets outside Europe. Since then, the Task Force has become an active working group of nearly 100 experts from almost 50 companies, working on a suite of market reports and investigating available financing instruments for solar project development in emerging markets. The task force has operated through a series of physical and virtual meetings, visits in the selected markets and conferences. We have also engaged in productive discussions with other relevant initiatives such as the Africa-EU Renewable Energy Cooperation Programme (RECP), GET.invest and the IRENA Coalition for Action’s Business and Investors Group. After a year of intense work, we are proud to present the Task Force’s first report on Mozambique.

This report developed by Eni, with the support of the Task Force, looks into the investments opportunities for solar deployment in Mozambique. It provides a snapshot of the country’s business environment and an overview of the major demographic and macroeconomic trends. It also analyses issues related the country’s credit and political risk. The report focuses on the energy context, relevant actors and the regulatory framework for investments in renewables. The research finds that Mozambique has an incredible potential for renewable resources, driven by 23,000 GW estimated for solar. The rising electricity demand, the rapid demographic growth and the support from international stakeholders make the country attractive for investments in solar power.

With the support and excellent contribution of our Task Force members, we will soon publish additional reports on India, Ivory Coast, Morocco, Myanmar, Senegal and Tunisia. If you want to be part of this initiative and discover new business opportunities, join SolarPower Europe’s Emerging Markets Task Force.