- Masdar has signed agreements with Angola, Uganda and Zambia to develop renewable energy projects.
- The project capacities are 2GW in Angola, 2GW in Zambia and 1GW in Uganda.
Masdar has signed agreements with three countries, Angola, Uganda and Zambia, to develop renewable energy projects with a combined capacity of up to 5GW. The individual capacities are 2GW in Angola, 2GW in Zambia and 1GW in Uganda.
The agreements were signed under the umbrella of the Etihad 7 initiative. This UAE-led initiative aims to raise public and private sector funds to invest in developing Africa’s renewable energy sector.
The installed capacity in Angola totals 6400MW. Hydroelectricity represents 58% of the total capacity. The remaining capacity comprises thermal power generation units (23% oil-fired and 19% gas-fired). In Zambia, as in Uganda, hydropower dominates the installed capacity – 75% of the capacity in both countries.