The commercial launch comes almost three years after the project inked a 25-year power purchase agreement (PPA) with Mozambique's state-run utility EDM. Last March, Scatec Solar explained Mocuba would cost around US$76 million, US$55 million of which was project debt raised that month from the World Bank's IFC and Investec's African fund EAIF. The remainder, the firm said last March, would be US$7 million in grant money and US$14 million in equity from Scatec Solar itself, private equity partner KLP Norfund and EDM. The trio continues to co-own the Mozambique installation today, with Scatec Solar's 52.5% share far above EDM's 25% and KLP's 22.5% holdings. The plant will supply the grid with 79GWh of solar power a year. The output will cover the power needs of around 175,000 households, Scatec Solar CEO Raymon Carlsen said in a statement.