Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTAfrica-focused independent power producer (IPP) Globeleq has launched commercial operations at the 19-MWp Cuamba solar park in Mozambique that will supply electricity to utility EDM-Electricidade de Mozambique.
The photovoltaic (PV) park is coupled with a 7-MWh battery energy storage system that creates Globeleq’s first solar-plus-storage complex in Mozambique, the company said on Wednesday. Its partners in the project are renewable energy platform Source Energia and state-owned EDM.
Located in Niassa province of Cuamba district, the project was realised at a cost of USD 36 million (EUR 34.1m). The solar farm’s output is equal to the consumption of around 22,000 local homes and is contracted under a 25-year power purchase agreement (PPA) with EDM
Around USD 19 million of the total project cost was covered by debt from Private Infrastructure Development Group’s (PIDG's) member Emerging Africa Infrastructure Fund. An additional USD 7 million was secured from PIDG's Viability Gap Funding (VGF) grant facility. BII Plus, the technical assistance facility of British International Investment, extended a USD-1-million grant for the battery component.
(USD 1.0 = EUR 0.948)
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
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