“The launch of the ElectriFI Country Window for Mozambique, will provide EUR MEUR 15 for renewable energy”

The Business Conference – Renewables in Mozambique, which took place on December 6thand 7thin Maputo, constitute the ideal opportunity to launch the ElectriFI 'Country Window' for Mozambique.

The ElectriFI Country Window for Mozambique is a tailored EUR 15 million package funded by the EU to invest in early-stage renewable energy companies active in the country. It falls under the European Development Fund and from the programme PROMOVE Energia managed by the EU Delegation with the Government of Mozambique aims to boost access to energy in rural areas. This country window offers an innovative blending instrument to support the risk capital needs of early-stage companies who via the support of the ElectriFI facility can further build their track record, strengthen their operations and deliver on sustainable impact.

With only a bit more of 40% of households having access to electricity, Mozambique remains largely unelectrified. The ambitious targets set by the government include the connection of the entire population to electricity (off and on-grid) by 2030. The ElectriFI Country Window therefore offers a suitable instrument to meet those ambitions while contributing to the Sustainable Development Goals.

The purpose of the dedicated funding for Mozambique is to allow the private sector to contribute to rural development through electrification. The Country Window should allow us to finance up to 10 projects dedicated to accelerating access to clean energy, in a sustainable and inclusive way. The regions of Nampula and Zambezia are prime examples of areas where the financing could be deployed.

 The new Country Window also includes a EUR 500,000 dedicated budget for Technical Assistance to help support existing and potential ElectriFI clients in Mozambique.

The ElectriFI country window in Mozambique is the result of strategic partnerships established in a Team Europe approach. By offering financing and assistance to renewable energy companies, we aim to contribute to Mozambique’s electrification, job creation and climate mitigation efforts. In turn, we aim to mobilise additional private investors to commit over EUR 25 million in those companies.

By unlocking Mozambican's economic, social and environmental development opportunities across various value chains, the Country Window will contribute to national implementation plans to reach the Sustainable Development Goals and the national programme “Energia para Todos” in particular.

A new opportunity is starting now, and ALER, AMER and ARE’s collaboration as organising associations of the Business Conference, provided the launch opportunity for this initiative. This work carried out by the associations, with the contribution of all the intervening parties, is an enormous impulse towards the achievement of the universal energy access.