Berkeley Energy invests $1.5 billion

Berkeley Energy invests $1.5 billion

The international company specializing in renewable energy projects, Berkeley Energy, has already invested US$1.5 billion in the construction of hydro, wind and biomass photovoltaic plants in various locations across the country.

The information was provided by the executive director of Berkeley Energy, Luka Buljan, at the International Conference on Renewable Energy, held recently in Luanda, under the aegis of the Ministry of Energy and Water, in partnership with the Lusófona and Angolan associations of Renewable Energy (ALER and ASAER). ).

The official reiterated the company’s engagement with other investors and renewable energy producer with a focus on emerging markets in Africa and Asia.

He said that the company is working with the energy sector regulator to help meet energy needs in Angola, within the framework of the Government’s program that aims to reach 9.9 gigawatts (GW) by 2025.

According to the manager, Berkeley has already made available 500 megawatts of renewable and functional energy production assets with the highest standards in Africa and Asia.

He assured that the assets are made up of run-of-river hydroelectric, wind, solar photovoltaic, batteries and hybrid systems, according to the specific needs of each country in which the company operates.

“Berkeley Energy, together with Elektra, its local partner, began, in 2018, the hydroelectric potential study of the Cuango River, in Lunda-Norte, and identified three sites for the implementation of medium-sized projects called: Vuka 1; Vuka 2 and Vuka 2, whose objective is to replace the thermal sources used in the mining industry and municipalities, as well as to encourage the expansion of the national transport network to the Eastern Region”, said Luka Buljan.

In order to achieve self-sufficiency and export by 2025, according to Luka Buljan, a total of US$23.3 billion should be invested, which involves attracting strong private investment and carrying out Public-Private Partnership projects. (PPP) in the construction of projects from scratch.

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