Angola secures $1.44 billion to power rural areas with solar
The Angolan Ministry of Finance has secured €1.29 billion ($1.44 billion) from Standard Chartered to finance the construction of 48 hybrid PV systems across the provinces of Moxico, Lunda Norte, Lunda Sul, Bie, and Malanje. The new solar infrastructure will provide sustainable electricity to 1 million people.
US Export-Import Bank provides $900 million for 500 MW of solar in Angola
The Export-Import Bank of the United States (EXIM) has awarded a loan to Angola’s Ministry of Energy and Water to deploy two large-scale solar power plants.
Total to build 35 MW solar plant in Angola
The French company will work with Angolan developer Greentech. According to Total, the solar project is in line with Angola’s plan to encourage foreign investment and promote renewable energy sources, with the goal of reaching an installed capacity of 800 MW in the country by 2025.
Angola’s solar plans boosted by Italian oil giant Eni
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.
African nations could install 30 GW by 2030: BSW-Solar
A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.
Angola creates new entity to support IPPs for renewables
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.
Angola plans to join Scaling Solar program
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.
