Ncondezi Energy Limited provided a further update on progress at maiden Commercial and Industrial ("C&I") 400kWp solar PV plus 912kWh battery storage project located in Mozambique (the "Project"): Construction of solar panels completed; Tesla battery packs and inverters now on site and installation underway; Commissioning of the Project on track for end of June 2021. 400kWp solar PV plus 912kWh battery storage project. Fully off-grid project, believed to be the first project of its type in Mozambique. Target Project commissioning in June 2021. Utilising market leading equipment including JA Solar panels, ABB Inverters and Tesla Power Pack. Targeting generation of up to 600MWh and CO2 savings up to 517t per annum. 15 year fixed price offtake agreement, denominated in USD with annual price escalations. Contracted revenues of USD 3.1m over the life of the Project.