Masdar, the Abu Dhabi Future Energy Company, announces plans for a 150 MW solar power project in Angola.
Renewable Power for 90,000 Homes
During the COP28 climate summit in the United Arab Emirates, Masdar revealed its commitment to developing a 150-megawatt solar project in Angola. This initiative aims to provide renewable energy to approximately 90,000 homes, contributing to economic growth and job creation in the region.
Concession Agreement Signed with Angola’s Ministry of Energy and Water
Masdar and Angola’s Ministry of Energy and Water formalized their collaboration by signing a concession agreement for the ground-mounted solar power project in the Quipungo region of southern Angola. While specific costs were not disclosed, the project aligns with Masdar’s broader commitment to developing 5 gigawatts of renewable energy projects across Angola, Uganda, and Zambia.
UAE’s Support for Africa’s Renewable Energy Potential
Sultan Al Jaber, COP28 president, expressed confidence in Africa’s potential to become a global renewable energy powerhouse. The UAE, through Masdar, stands in solidarity with African nations, aiming for a just energy transition. The solar project in Angola addresses the country’s goal of increasing national electrification to 60% by 2025, addressing the current challenge where less than half of the population has access to electricity.
In conclusion, Masdar’s venture into Angola’s solar energy landscape exemplifies the commitment to sustainable development and global climate action. The collaboration not only brings renewable power to thousands of homes but also supports Angola’s broader electrification goals, paving the way for a brighter and cleaner energy future.
Source: reuters.com
