{"id":79648,"date":"2023-07-17T07:56:18","date_gmt":"2023-07-17T07:56:18","guid":{"rendered":"https:\/\/theelectricityhub.com\/?p=79648"},"modified":"2023-07-16T08:00:28","modified_gmt":"2023-07-16T08:00:28","slug":"angola-secures-1-44-billion-to-power-rural-areas-with-solar","status":"publish","type":"post","link":"https:\/\/theelectricityhub.com\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/","title":{"rendered":"Angola Secures $1.44 Billion to Power Rural Areas with Solar"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>The new solar infrastructure will provide sustainable electricity to 1 million people.<\/li>\n\n\n\n<li> By 2025, the African nation aims to reach an access rate of 65% and a total installed capacity of approximately 10 GW.<\/li>\n<\/ul>\n\n\n\n<p>The Angolan Ministry of Finance has secured \u20ac1.29 billion ($1.44 billion) from Standard Chartered to finance the construction of 48 hybrid PV systems across the provinces of Moxico, Lunda Norte, Lunda Sul, Bie, and Malanje. The new solar infrastructure will provide sustainable electricity to 1 million people.<a href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.pv-magazine.com\/2023\/07\/13\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/&amp;t=Angola%20secures%20$1.44%20billion%20to%20power%20rural%20areas%20with%20solar\"><\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/share?text=Angola+secures+%241.44+billion+to+power+rural+areas+with+solar&amp;url=https:\/\/www.pv-magazine.com\/2023\/07\/13\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/\" target=\"_blank\"><\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&amp;url=https:\/\/www.pv-magazine.com\/2023\/07\/13\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/\" target=\"_blank\"><\/a><a rel=\"noreferrer noopener\" href=\"\/\/www.pv-magazine.com\/2023\/07\/13\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/\" target=\"_blank\"><\/a><a rel=\"noreferrer noopener\" href=\"mailto:?subject=Angola%20secures%20$1.44%20billion%20to%20power%20rural%20areas%20with%20solar%20|%20pv%20magazine%20Article&amp;body=Check%20out%20this%20article:%20https:\/\/www.pv-magazine.com\/2023\/07\/13\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p>Angola&#8217;s Ministry of Finance has secured \u20ac1.29 billion from Standard Chartered to finance the construction of 48 hybrid PV systems across the Angolan provinces of Moxico, Lunda Norte, Lunda Sul, Bie, and Malanje. The minigrid systems have a combined capacity of 296 MW of solar, with energy storage in lithium-ion batteries of 719 MWh. The project will be implemented over a period of 36 months.<\/p>\n\n\n\n<p>MCA\u00a0will manage and build the project. The financing of \u20ac1.29 billion is supported by German Export Credit Agency Euler Hermes. \u201cDepending on the level of consumption for the 48 sites, we estimate an LCOE ranging between \u20ac0.153\/KWh to \u20ac0.275\/KWh for all the systems,\u201d a spokesperson from MCA told\u00a0pv magazine. \u201cThis considers the PV Generation and the storage capacity for all 48 sites. As far as the cost for consumers per KWh is concerned, Angolan tariff regulation mandatorily applies. Depending on the type of consumer, a given price per kWh will be charged. There are subsidies to electricity prices in Angola.\u201d<\/p>\n\n\n\n<p>In early June, the Export-Import Bank of the United States awarded a loan to Angola\u2019s Ministry of Energy and Water to deploy\u00a0two large-scale solar power plants totalling 500 MW. According to the latest statistics from the International Renewable Energy Agency (IRENA), Angola had 297 MW of installed PV capacity at the end of 2022. By 2025, the African nation aims to reach an access rate of 65% and a total installed capacity of approximately 10 GW. However, its current installed capacity is only 5.6 GW, with just 4.5 GW actually available.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Angolan Ministry of Finance has secured \u20ac1.29 billion ($1.44 billion) from Standard Chartered to finance the construction of 48 hybrid PV systems across the provinces of Moxico, Lunda Norte,&hellip; <\/p>\n","protected":false},"author":36,"featured_media":76575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[931],"tags":[],"class_list":["post-79648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Angola Secures $1.44 Billion to Power Rural Areas with Solar &#8226; The Electricity Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theelectricityhub.com\/angola-secures-1-44-billion-to-power-rural-areas-with-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angola Secures $1.44 Billion to Power Rural Areas with Solar &#8226; 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