Masdar to include 3 GW of renewables in Angola, Uganda

Jan 23, 2023 09:38 AM ET
  • Renewables developer Masdar has actually signed deals to create 3 GW of renewable resource projects in Uganda and Angola as part of a UAE-led initiative that supports the release of green energy in Africa.

The UAE-based developer has inked an agreement with Angola's Ministry of Energy and also Water for the setup of 2 GW of renewables. One more pact was sealed with Uganda's Ministry of Energy as well as Mineral Development for the development of 1 GW of greenfield eco-friendly projects.

Both deals come on top of an agreement with Zambia's Ministry of Energy as well as Zambian national energy ZESCO Ltd for the joint development of solar, wind, and also hydropower projects with a complete capacity of 2 GW that was revealed previously this week.

The 3 agreements were authorized throughout the Abu Dhabi Sustainability Week (ADSW) 2023. They become part of the Etihad 7 initiative which was introduced a year ago with the goal of releasing 20 GW of tidy energy capacity and providing electrical energy to 100 million people in Africa by 2035.

The three nations are not the only African nations where Masdar has enthusiastic renewable energy plans. In August 2022, the Abu Dhabi-based company clinched a deal to establish 2 GW of renewables in Tanzania.

"With Africa's massive forecasted development and also growth and reduced current tidy energy infiltration degrees, we see enormous potential for the renewable energy sector throughout the continent." Masdar's president Mohamed Jameel Al Ramahi stated on Friday.

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