Dubai’s renewable energy powerhouse, AMEA Power, is stepping onto the Mozambican scene, unveiling a $150 million solar project poised to illuminate over 150,000 homes. Joining forces with local hydroelectric firm Hidropower, the Matambo photovoltaic (PV) project signals AMEA’s first foray into the East African nation’s burgeoning renewable energy sector.
Inked on the sidelines of COP28, the partnership leverages Dubai International Chamber’s deep-dive into Mozambican investment hurdles, paving the way for a seamless entry. BNI, Mozambique’s National Investment Bank, adds further muscle to the project, lending crucial financial support.
Matambo’s 125-MWp capacity promises to be a game-changer, not just for Mozambican homes but for the environment as well. An estimated 232,900 tonnes of CO2 emissions will be scrubbed from the atmosphere annually, a significant step towards cleaner skies and a future-proofed planet.
“Africa is a key strategic market for us,” declared Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. “We remain committed to identifying new opportunities across the continent, unlocking the potential for Dubai businesses and contributing to sustainable development.”
Matambo marks a strategic pivot for AMEA Power, expanding its footprint beyond its core Middle Eastern base and diversifying its portfolio across the globe. With the wind firmly in its sails, the Dubai firm looks set to illuminate not just Mozambican homes, but also the continent’s renewable energy landscape.
