EnergySource1Green Infrastructure
The Portfolio

Two grid-scale solar plants, one national program.

80 MW of utility-scale PV developed in parallel in Mozambique, selling power to EDM under long-term USD PPAs within the EDM–TroGreen 200 MW national program (MoU, 2018).
20 MW Solar PV
Gaza — Chicumbane
Lead asset · financial model complete
Off-taker / PPA termEDM · 25 years
StageSigned-form PPA · close 2026 · COD Mar 2027
Tariff (Yr 1, USD)$0.070 / kWh
Escalation2.0% p.a. (max US CPI / 5%)
Total project cost$39.9M ($2.0M/MW)
Capital structure70% debt / 30% equity
Senior debt$17.2M (6.5%, 10-yr)
Gross annual production157,680 MWh
Year-1 revenue$4.68M
Lifetime revenue (25 yr)$138.2M
Equity IRR24.3%
60 MW Solar PV
Manica Province
Scale-up tranche · gov. authorized
Off-taker / PPA termEDM · 25 years
StageDespacho 30/2019 authorization
Tariff / escalation$0.070/kWh · 2.0%
Extrapolation basis140% of Gaza
Total project cost (extrap.)$55.8M
Capital structure70% debt / 30% equity
Senior debt$24.1M (6.5%, 10-yr)
Gross annual production220,752 MWh
Year-1 revenue (extrap.)$6.56M
Lifetime revenue (extrap.)$193.4M
Equity IRR (extrap.)24.3%
The lead asset — Gaza 20 MW (Chicumbane) — is fully modelled with a signed-form PPA and reaches financial close in 2026. Manica 60 MW carries a Ministry of Energy authorization (Despacho 30/2019) and is taken to market alongside Gaza, with its economics extrapolated from the Gaza model at 140%.
80 MW
Combined capacity
378 GWh
Combined annual generation
$331.6M
Combined 25-yr revenue
24.3%
Equity IRR (both)
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