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To increase access to renewable energy and expand power delivered to the grid in Mozambique, IFC and Electricidade de Moçambique (EDM), have signed a collaboration agreement to develop small-scale solar Photovoltaic (PV) Plants and battery storage facilities.
The policy creates an environment that facilitates private investment into energy service provision via mini-grids through a dedicated policy fitted also for smaller installations (through lower transaction costs) as well as opening end-customer energy service provision to private sector players.
The Syrah Resources Limited (Syrah) Board has announced its approval to finance a solar and battery hybrid power system at its Balama graphite operation in Mozambique, taking advantage of the high solar irradiation potential of the site location.

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