Energy News Today

Ncondezi Energy Ltd advancing Mozambique solar project advancing apace

() gave an progress update on its first commercial and industrial battery project in Mozambique.

The company highlighted that it had completed the construction of solar panels and that Tesla battery packs and inverters were now on site and installation was underway.

It is on track to start commissioning before the end of June.

Ncondezi noted that the project is the first of its type in Mozambique. It is targeting 600MWh of power generation per year and has a 15-year offtake agreement and contracted revenues of more than £3.1mln over the life of the project.

Chief executive Hanno Pengilly said: “All main equipment is now on site following the arrival of the Tesla battery packs and inverters last week. The solar panels are now all up and installation of the battery packs and inverters is underway.

“We look forward to commissioning later this month as we move one step closer to our first cashflow.”

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash…

FOR OUR FULL DISCLAIMER CLICK HERE

Read More: Ncondezi Energy Ltd advancing Mozambique solar project advancing apace

2021-06-01 03:07:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: