The Italian oil and gas provider has signed a concession agreement with the government of the African oil country to build a 50 MW solar plant. The project is expected to be in the province of Namibe and will be part of the nation’s plan to deploy 600 MW of solar by 2022.
The money will be used, among other things, to finance the construction of a 50 MW solar plant in Benguela province, in the west of the country.
The Energy Project Implementation Support Unit (EPISU) will help independent power producers (IPPs) improve the bankability of projects. The new entity is being created with the financial support of the African Development Bank.
The Angolan government has invited representatives of the World Bank, which runs the program, to discuss ways of increasing the share of solar energy in the African country in the period up to 2022. Several sites for the construction of solar parks have already been identified.
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