The African Development Bank (AfDB) is to loan $54m towards meeting the $225m cost of Mozambique’s first wind farm.
Funding is also being supplied by the Sustainable Energy Fund for Africa, the International Finance Corporation of the World Bank, the US International Development Finance Corporation and the Emerging Africa and Asia Infrastructure Fund.
The 120MW onshore wind farm will be located 50km west of the capital, Maputo, and will be operated by Mozambique’s state-owned energy company under a 25-year power-purchase agreement.
When complete, the farm will generate 332GW/h of power annually, which will meet Mozambique’s needs and will also be exported to neighbouring countries in the Southern African Power Pool.
Construction work on the asset will create 600 jobs, 120 of which will be earmarked for women and 300 for young people. When operational, it will support 20 positions.
Wale Shonibare, AfDB’s director for financing energy projects, said: “As the first large-scale wind energy initiative in Mozambique, this project showcases the transformative potential of renewable technologies to drive sustainable growth.
“By leveraging Mozambique’s natural resources, we are creating pathways toward a diversified and resilient energy sector.”
- Subscribe here to get stories about construction around the world in your inbox three times a week
Further Reading:
