Renewable energy company, Masdar, has signed an agreement with Angola’s Ministry of Energy and Water to develop a 150 MW solar photovoltaic (PV) plant in southern Angola.
The solar plant will provide renewable energy to approximately 90,000 homes and is expected to create up to 600 jobs.
Announced on December 1 during the COP28 Summit in Dubai, the agreement was signed between Angola’s Minister of Energy and Water, João Baptista Borges, and Masdar CEO, Mohamed Jameel Al Ramahi.
“Africa has what it takes to become the world’s renewable energy powerhouse,” stated COP28 President, Dr. Sultan Al Jaber, adding, “At COP28 and beyond, we will continue to work with Africa for Africa.
The UAE stands shoulder-to-shoulder with our friends in Africa as we strive to secure a just energy transition at this COP of action and COP for all.”
The ground-mounted solar PV plant will be constructed in the Quipundo region, Huíla Province. Once completed, the solar PV plant is poised to eliminate up to 224,000 tons of CO2 emissions per year.
The project is aligned with Masdar’s pledge to invest two billion dollars in equity and eight billion dollars in project finance towards developing 10 GW of renewable energy projects across Africa by 2030.
