The Export-Import Bank of the United States (EXIM) is providing a $1.6 billion direct loan to support the development of 65 solar mini-grids in Angola.
The loan will benefit ING Capital, Sun Africa, and Omatapalo, which are involved in capital markets, clean energy, and construction, respectively.
These solar mini-grids, equipped with energy storage facilities, will be deployed across four provinces in southern Angola.
The project aims to provide off-grid solutions, improving access to electricity and clean drinking water in remote communities.
EXIM President and Chair, Reta Jo Lewis, emphasized that this loan highlights the agency’s strong commitment to renewable energy projects, supports U.S. exporters working in sub-Saharan Africa, strengthens economic ties with Angola, and aligns with President Biden’s Partnership for Global Infrastructure initiative.
