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.
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.
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.
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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