Ncondezi Energy Secures Land Agreement for Solar Project in Mozambique

Mozambique. Solar. energy

“The signing of the agreement represents a critical permitting requirement for the project, reflecting both strong local support and the expedited process we are executing since announcing the positive feasibility study last October,” stated Hanno Pengilly, CEO of Ncondezi Energy.

Despite the country’s abundant renewable energy resources, only 44% of the Mozambican population has access to electricity, as of December 2022. As such, the project represents just one of various initiatives underway to improve the generation and transmission of clean energy in Mozambique.

“An update on our preferred transmission solution to connect to the Mozambican grid is expected in the next two months. The solar project is strategically positioned from a transmission perspective, having access to existing grid networks with available capacity and multiple evacuation paths in Mozambique and the wider southern African region,” Pengilly added.

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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.