ALER officially presents its report on the status of renewable energy in Mozambique
The Ministry of Mineral Resources and Energy (MIREME) through the Energy Fund (FUNAE), in coordination with the International Renewable Energy Agency (IRENA), held a Workshop on “Mozambique Renewable Energy Investment” from 21-23 November in Maputo, Mozambique.
The workshop included a session dedicated to the official presentation of ALER’s Report on the status of renewable energies in Mozambique. The report was presented by ALER Vice-President Miquelina Menezes, who wetn through the several chapters of the report, providing information on the legal and institutional framework, the national energy profile, the renewable energy resources and projects, the economic and financial framework, education and training, ending up highlighting the main barriers and recommendations.
The overall objectives of the workshop were to:
- Examine financial market conditions with an emphasis on future needs and dynamics, as well as barriers and potential solutions to renewable energy investments in Mozambique;
- Identify possible actions to support international decision-makers and financial institutions so that they can mobilize investments for grid-connected and off-grid renewables in the country;
- Develop ways to engage local financial institutions in the sector;
- Identify and analyze key risks by consulting multiple stakeholders and articulating potential mitigation mechanisms that can help attract capital from the private sector to the country in a cost-effective manner.
The workshop was attended by participants from government entities, public and private investment and financial institutions, universities, the private sector and individuals that allowed the promotion of interactive technical discussions on the topics addressed.
More information about ALER’s report and how to purchase it here.