Neoen to close DFI-backed Mozambique solar plant in 2018

Neoen is expected to achieve financial close this year on the funds backing the 41MW solar PV plant in Metoro, Mozambique. Agence Francaise de Developpement and its subsidiary Proparco are each providing debt for the project, which is one of the country's first large scale solar famrs. The French developer has signed a PPA with state-owned Electricidade de Mocambique (EDM).