Despite a wide interest from the European private sector to invest in renewable energy, the volume of financial flows to Sub Saharan Africa remains negligible. Why is that?
The approval of the 2021 Off-Grid Energy Regulation Act by the Council of Ministers is a giant leap forward for the Decentralized Renewable Energy sector in Mozambique.
This regulation results from a Government effort recognizing the importance of the sector to catalyze rural socio-economic development, leveraging private sector investment and improving the conditions of millions of people.
In a first round, the Banco Nacional de Investimento (BNI), Banco Internacional de Moçambique (BIM), Banco Comercial e de Investimentos (BCI) and Moza Banco will be provided with tailor-made training and coaching to expand their scope for action in this area.
The solar powered centre pivot is part of an irrigation programme sponsored by the Tobacco Industry Marketing Board to empower small holder farmers and capacitate them to become self-sustainable.
USAID Power Africa program awarded a grant to SolarWorks! Mozambique to install off-grid solar powered electrical systems in rural health facilities. With these new systems, a consistent and sustainable clean energy supply and a better quality care will be provided to the estimated 138,000 Mozambicans they serve.