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To this end, African utilities and governments are asked to put substantive efforts into aligning themselves with the demands of the dominant financial value regime of \u2018the Wall Street Consensus\u2019 (Gabor in Dev Change 52:429\u2013459, 2021). Using the case of Mozambique, this article examines the strategies deployed by state actors to align themselves with this regime and the implications this has for the country\u2019s energy landscape, particularly in terms of environmental sustainability and social justice. It examines how two of the regime\u2019s principles\u2014creditworthiness and bankability\u2014permeate new legislative efforts in the on-grid and off-grid sectors, organizational structures, accounting and project management practices, attempts at disciplining workers and consumers, and the broader political economy of Mozambique. It also discusses how such efforts have perpetuated a fragmented energy landscape that does not always satisfy the needs of energy poor populations or facilitate decarbonization. The article concludes with a discussion of the relevance of our findings to crafting environmentally sustainable and socially just pathways for Africa\u2019s electrification. The article draws on the authors\u2019 ongoing field research in Mozambique, including the qualitative analysis of existing policies and of eight in-depth, semi-structured interviews with key informants (energy operators, donors and implementing partners) undertaken in late 2022.<\/jats:p>","DOI":"10.1007\/s11625-025-01687-7","type":"journal-article","created":{"date-parts":[[2025,5,11]],"date-time":"2025-05-11T09:01:47Z","timestamp":1746954107000},"page":"2481-2494","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["Financial value regime alignment and Mozambique\u2019s heterogeneous energy landscape"],"prefix":"10.1007","volume":"21","author":[{"ORCID":"https:\/\/orcid.org\/0000-0001-7052-8589","authenticated-orcid":false,"given":"Idalina","family":"Baptista","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-8962-480X","authenticated-orcid":false,"given":"Lorraine","family":"Howe","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8335-9315","authenticated-orcid":false,"given":"Carlos","family":"Shenga","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"297","published-online":{"date-parts":[[2025,5,11]]},"reference":[{"key":"1687_CR1","first-page":"1","volume-title":"The international encyclopedia of geography: people, the earth, environment, and technology","author":"M Aalbers","year":"2019","unstructured":"Aalbers M (2019) Financialization. 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