Globeleq’s 2023 Sustainability Report Highlights Expansion and Sustainability Achievements

By Editor


Globeleq, the leading power producer in Africa, has published its 2023 Sustainability Report, showcasing its operational success and sustainability efforts across seven African countries. Globeleq Group reported generating over 7,000 GWh of electricity, reaching 8.8 million consumers, and supporting 181,971 jobs over the past year.

Expansion and Operations

Globeleq’s portfolio now includes ownership and operation of 17 power plants across Africa, generating nearly 1.8 GWs of power. Globeleq is advancing its significant projects, including the 450 MW gas-to-power plant at Temane in Mozambique, backed by the International Finance Corporation (IFC) and aligned with the Paris Agreement. This plant is expected to commence power generation within the next few months.

In Kenya, construction has begun on Globeleq’s inaugural geothermal project at Menengai, following financial close at the end of 2023. Additionally, the Group expanded its renewable energy footprint by acquiring a 41 MW solar PV plant at Mocuba in Mozambique and the 25 MW Winnergy solar PV plant in Egypt, which complements its existing ARC solar PV plant.

Globeleq also completed a significant expansion with the 253 MW Phase IV addition to its Azito power plant, now the largest power plant in Côte d’Ivoire. Furthermore, the Group inaugurated the 19 MW Cuamba plant in Mozambique, its first combined solar PV and battery storage facility.

Sustainability and Safety Achievements

Key highlights from Globeleq’s 2023 Sustainability Report include:

Safety Performance: Achieved a Reportable Incident Rate of 0 per 200,000 working hours in operations, a rate of 0.026 in construction, and reported no lost-time accidents throughout the year.

Carbon Emission Reductions: Avoided 992,000 tonnes of CO2e through renewable electricity generation.

Community Investments: Invested US$3.1 million in socio-economic development projects, benefiting 129,700 people.

Employment: Employed 496 people, with 98 percent being local to the African countries of operation. The workforce included 27 percent women, with women holding 32 percent of senior management roles.

Leadership Transition

Globeleq announced that CEO Mike Scholey will be stepping down at the end of June 2024. Jonathan Hoffman, currently Chief Development Officer, will assume the role of Interim CEO starting July 1, 2024.

Globeleq’s current operations include 1,794 MW of power generation across 17 locations in seven countries, with an additional 485 MW under construction and over 2,000 MW in development.

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