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Globeleq secures finance for Mozambican wind plant as it plots portfolio expansion

The UK/Norway-owned IPP Globeleq has raised $99m of debt financing for Mozambique’s first wind project, adding to its southern African portfolio. Despite industry pessimism over the prospects for utility-scale projects, Globeleq is advancing a large pipeline of greenfield renewable and gas capacity in eastern and southern Africa and is bullish over the future of utility-scale projects, writes Marc Howard.

Issue 509 - 17 July 2024

Pin Kenya, Mozambique, Tanzania, South Africa

Pin Power, Resources, Strategy & risk

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New thinking on Africa’s electricity problems demands commitment and faith

With African electricity supply industries in a state of flux, everyone agrees the infrastructure needed for economic development can only come from the private sector, but the existing financial and commercial models are inadequate – and a desperate need for investment in transmission only makes this financing challenge harder. Some new thinking about how to crack these problems was presented at the African Energy Forum in Barcelona, but the boldest ideas require a leap of faith, writes John Hamilton*

Issue 509 - 15 July 2024

Pin Power, Strategy & risk

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