- Masdar has sealed a deal towards developing 3 GW renewable energy projects in Angola and Rwanda.
- The company had signed a formal agreement with the Angolan Ministry of Energy and Water to install 2 GW of renewables.
Masdar, the Abu Dhabi renewables company, has sealed a deal towards developing 3 GW of renewable energy projects in Angola and Rwanda. This forms part of a UAE-led plan to support the growth of green energy in Africa.
The company had signed a formal agreement with the Angolan Ministry of Energy and Water to install 2 GW of renewables. Elsewhere, a pact has been sealed with Uganda’s Ministry of Energy and Mineral Development towards developing 1 GW of greenfield renewable projects.
Both deals come just after an agreement was signed with the Zambian Ministry of Energy and the country’s national utility ZESCO Ltd for the joint development of solar, wind and hydropower projects with a total capacity of 2 GW that was unveiled earlier this week.
The three agreements were signed during the Abu Dhabi Sustainability Week (ADSW) 2023. They are part of the Etihad 7 initiative launched a year ago to deploy 20 GW of clean energy capacity and provide electricity to 100 million people in Africa by 2035.
The three countries are just some African nations where Masdar has ambitious renewable energy plans. In August 2022, the Abu Dhabi-based company clinched a deal to develop 2 GW of renewables in Tanzania.
“With Africa’s massive projected development and growth and low current clean energy penetration levels, we see enormous potential for the renewable energy sector across the continent.” Masdar’s chief executive Mohamed Jameel Al Ramahi said on Friday.