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Central Solar Metoro

Sector: Commercial • Location: Cabo Delgado, Mozambique

Source: World Bank Group

Project
Active

The project entails the construction of a 41 MW solar plant in Cabo Delgado, Mozambique. Total investment stands at $ 56 million of which $ 40 million will be provided by AFD's subsidiary Proparco. The generated energy will be sold through a Power Purchase Agreement contracted with EDM. Sponsors of the project are Neoen (75%) and EDM (25%). On January 16, Efacec, a Portuguese company was selected

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Project Information

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The project “Central Solar Metoro” is an infrastructure initiative in the Commercial sector, located in Cabo Delgado, Mozambique. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of a 41 MW solar plant in Cabo Delgado, Mozambique. Total investment stands at $ 56 million of which $ 40 million will be provided by AFD's subsidiary Proparco. The generated energy will be sold through a Power Purchase Agreement contracted with EDM. Sponsors of the project are Neoen (75%) and EDM (25%). On January 16, Efacec, a Portuguese company was selected to build, operate and maintain the facility. Financial close took place on December 19, 2019. https://renewablesnow.com/news/efacec-to-build-operate-41-mwp-solar-plant-in-mozambique-683674/ https://www.neoen.com/var/fichiers/20191219-neoen-mr-metoro-construction.pdf, https://www.linklaters.com/en/about-us/news-and-deals/deals/2019/december/linklaters-advises-neoen-on-the-development-and-financing-of-$56-million-solar-plant-in-mozambique

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High

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