Mozambique: AfDB approved $150M loan for floating solar project at Cahora Bassa

The African Development Bank has approved a $150 million loan to support a floating solar project on Cahora Bassa, according to official sources. Led by Electricidade de Moçambique, the initiative aims to diversify electricity generation amid hydropower constraints caused by drought. The World Bank notes the country’s strong reliance on Cahora Bassa, highlighting the strategic importance of expanding solar capacity.