Scatec wants to double size of project pipeline
Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.
Financing closes for Mozambique’s first large-scale PV project
Scatec Solar, alongside Norfund Investments and Electricidade de Mozambique have closed financing and begun construction on the first utility-scale solar plant in Mozambique, a 40 MW project to be located close to the city of Mocuba.
Trump opens the door for specific products, nations to be excluded from tariffs
The U.S. President’s proclamation provides a path for specific products to apply for exemption from tariffs, which had been sought by both SunPower and the government of South Korea. Additionally, imports from a number of developing nations are exempt as long as import levels remain small.
Europe helps Mozambique design auction mechanism for renewables
A €4 million fund will be used to support an initiative launched by the French Development Agency and the country’s power utility Eletricidade de Moçambique, E.P. (EDM).
Mozambique launches $500 million electrification program based on hydro, solar, microgrids
The government of the eastern African nation has revealed plans to bring power to remote areas in the provinces of Maputo, Gaza, Inhambane, Sofala, Manica, Tete, Zambézia, Nampula, Niassa and Cabo Delgado.
IFC finances Mozambique’s first solar plant with $55 million
The 40 MW project, which is being developed by Norwegian developer Scatec along with investment fund KLP Norfund Investments, is the country’s first large-scale solar facility.
