📋 Tender Overview
Scope :
The 120MW Namaacha wind farm planned to be constructed in southern Mozambique is expected to reach financial close by mid-2024 Globeleq is co-developing the estimated US$250 million independent power project with African renewable energy platform Source Energia. The scope of work also involves the construction of a 40km 66kV dual-circuit transmission line connecting to state utility Electricidade de Mocambique’s (EDM) Boane substation, located about 50km west of Maputo.
Namaacha Wind Farm Project is an Onshore Wind project located in Maputo, Mozambique. The project is owned by Parque Eolico de Namaacha SA and is developed by Globeleq Africa Ltd; Parque Eolico de Namaacha SA; Source Energia. The project is currently under construction.
In 2018, the US Trade & Development Agency awarded a US$2 million grant for the project's feasibility study, which was undertaken by Australia’s WorleyParsons. The African Development Bank (AfDB) provided US$400,000 for legal fees. Mozambique’s government has confirmed the award of a 28-year concession to UK-headquartered Globeleq and African renewables platform Source Energia for the development of the 120MW Namaacha wind project.
Construction is expected to start in late 2024, with operation to begin within two years. In July, the US International Development Finance Corporation (DFC) announced it had sanctioned a loan of up to US$99 million for CEN, along with US$80 million in political risk insurance for Globeleq, to support the plant’s development, construction and operation.
Globeleq is 70% owned by British International Investment (BII) and 30% by Norwegian development finance institution Norfund.
