Masdar to create 70MW Côte d'Ivoire solar plant
- Agreement authorized as part of Etihad 7 effort for 20GW of renewable energy capacity in Africa
Masdar has actually authorized an agreement with the Ministry of Mining, Petroleum and also Energy for the Republic of Côte d'Ivoire to check out the growth of a solar energy plant with a capacity of approximately 70MW.
The agreements were signed under the umbrella of the Etihad 7 campaign, a UAE-led program that intends to increase public and also private-sector funds to buy the growth of Africa's renewable energy sector, with the aim of attaining 20GW capacity to provide 100 million individuals across the continent with clean electricity by 2035.
According to the agreement, Masdar and the Ivorian Ministry of Mining, Petroleum as well as Energy will certainly check out the joint advancement of solar photovoltaic or pv plants in Côte d'Ivoire, starting with a very first 50MW to 70MW plant. The site would certainly sustain the Republic of Côte d'Ivoire's goal of 42% of its energy mix coming from renewable sources by 2030.
" Côte d'Ivoire has actually devoted under climate change agreements to reduce its greenhouse gas discharges by 32% and also to boost the share of renewable resources in its energy mix to 45% by 2030," said Ivorian Minister of Mining, Petroleum as well as Energy Mamadou Sangafowa Coulibaly.
" Based on its commitments, Côte d'Ivoire has prepared a plan of attack for the advancement of its production facilities, which incorporates solar, hydroelectricity as well as biomass. The framework agreement that we have actually just signed with Masdar, accompanied by a first project of 50MW to 70MW, will add to achieving this ambitious purpose."
Masdar Chief Executive Officer Mohamed Jameel Al Ramahi added: "As part of Masdar's new shareholding structure launched in December, we have an objective of providing 100GW of clean energy worldwide by 2030.
" With Africa's massive projected growth as well as development as well as low existing clean energy penetration levels, we see massive capacity for the renewable energy field throughout the continent. This agreement will certainly sustain Côte d'Ivoire's clean energy goals and also assist to drive sustainable economic development for the nation."