UAE’s Masdar to Build Solar Power Plants in Angola, Investing $2 Billion to Electrify 250,000+ Homes by 2027
Masdar, a leading renewable energy company based in the United Arab Emirates (UAE), is set to begin construction of photovoltaic power plants in Angola’s Huila and Namibe provinces next year.
The initiative is part of a $2 billion investment to generate two gigawatts of clean energy in the country, according to a government statement obtained by VerAngola.
Following a meeting on Thursday between Angola’s Minister of State for Economic Coordination, José de Lima Massano, and a delegation of UAE business leaders, Masdar’s General Manager, Augusto Francisco, confirmed that the initial investment will total $600 million.
This phase includes the construction of two plants in Huila—Quipungo and Chipindo—and one in Namibe—Tombwa.
“In the first phase, Masdar plans to invest $600 million to build the Quipungo and Chipindo plants in Huila province and the Tombwa plant in Namibe, bringing electricity to over 250,000 families,” the statement reads.
It also highlights that the concession contract for the Quipungo Photovoltaic Plant was signed in 2023 during COP28, with the aim of supplying clean energy to approximately 90,000 homes.
According to Francisco, construction on the Chipindo and Tombwa plants is scheduled to begin next year and is expected to be completed by the third quarter of 2027.
“We plan to finalize construction contracts for the 100-megawatt Chipindo Photovoltaic Plant and the 250-megawatt Tombwa Plant, with both projects commencing next year,” he said.
These solar initiatives support Angola’s national objective of increasing its electrification rate to over 50 percent by 2027.
In a separate announcement, government officials also revealed progress on the urban development project in Futungo de Belas, Luanda.
The 151-hectare site is being developed by Damac Properties, a globally recognized real estate firm headquartered in the UAE.
Paulo Cruz, Damac’s regional head for Africa, reported that the project is 70 percent complete, with all major infrastructure already in place.
“We’ve completed the first phase. The full development will include nearly 4,000 residential units—apartments, houses—as well as retail zones, schools, healthcare centers, and hotels,” Cruz stated. “It’s a comprehensive mixed-use project aimed at revitalizing Luanda’s real estate market, which has remained stagnant since 2018.”
