Mozambique: World Bank approves $131 million for electricity projects
Mozambique needs $80B to achieve energy transition by 2050
2:06 CAT | 22 Apr 2025
File photo: AIM
The Mozambican Renewable Energy Association (AMER) estimates that the country will need around US$80 billion (€70.4 billion) for the energy transition to renewable sources by 2050.
“For the entire strategy, by 2050 (…) we are talking about US$80 billion that will be needed. It is a huge effort, without a doubt, but it will be necessary for the funding to be increased every year,” Ricardo Pereira, president of AMER, an organization that promotes the use of clean energy in the country, told Lusa on Friday.
According to the AMER leader, the amount will be used for infrastructure construction projects and network expansion, with more than US$320 million (€281.7 million) currently available for the country’s public network.
“EDM [public company Electricidade de Moçambique] has already mobilised at least US$323 million (€284.4 million) for the expansion of infrastructure. This is what is currently available, although it is expected to mobilise an additional US$597 million (€525.4 million) for future projects,” Pereira explained.
Pereira also said that around US$2.7 billion (€2.3 billion) was available for the transition of off-grid energy.
“This comes through direct financing, technical assistance, among others. When we talk about the energy transition strategy, although financing is already available, much more is always needed,” he reiterated.
Despite the challenge in financing, the president of AMER said that the renewable energy sector in the country was “getting better and better”, with “quite optimistic” projections.
“We have enough potential and resources in terms of solar, wind and hydropower to not only meet our needs as an entire population, but also the needs of the cities of some of our neighbouring countries,” he added.
Electricity production from solar parks in Mozambique grew by 18.6% in 2024, but still accounts for less than 1% of the total, according to official data.
READ: RENMOZ 2025: Mozambique’s Energy Transition Strategy highlighted in Conference program
According to the budget execution report with data from January to December 2024, electricity production in five large solar parks in the country, and by other smaller plants, exceeded 101,247 MegaWatt-hours (MWh) in this period, compared to 85,343 MWh in the whole of 2023.
For last year, the government had set the target of producing 138,808 MWh through the country’s already operating solar parks, a target that was not achieved.
Despite the growth in production, solar parks only accounted for 0.5% of total production in Mozambique in 12 months, led in 2024 by hydroelectric plants, with 83.8%, and essentially by the Cahora-Bassa Hydroelectric Plant (81.7% of Mozambique’s total electricity production up to December).
Source: Lusa
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