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Mozambique: large-scale solar plant reaches financial close

Scatec Solar, KLP Norfund Investments and Electricidade de Mozambique (EDM) have closed debt financing and initiated construction of a 40MW solar plant located close to the city of Mocuba in the Zambézia Province.

“EDM is very pleased that the Mocuba Solar IPP project has reached financial close through a well-structured public-private partnership between EDM, Scatec Solar and Norfund, and with excellent support from IFC and EAIF as lenders, as well as the government of Norway”, said EDM’s chairman and CEO, Dr Mateus Magala. Read the full story here….

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