ANGOLA SIGNS A DEAL WITH MASDAR.

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Masdar, a United Arab Emirates-owned renewables company has recently signed an agreement with Angola’s energy and water ministry to develop renewable energy projects with a total capacity of 2GW.

Masdar announced its plan to further develop renewable energy projects in Angola and Uganda at Abu Dhabi Sustainability Week 2023. These projects can improve production capacity, increase Angolan people’s electricity access, and create jobs.

Minister of energy and water of the Republic of Angola, Joao Baptista Borges said, “With the new agreement between the government of Angola and Masdar, another step towards a clean and affordable energy transition has been achieved. We look forward to tightening the ties between the two countries toward development and partnership.” Ruth Nankabirwa Ssentamu also mentioned that the projects will go a long way to contribute to the country’s universal access and energy transition goals.

Masdar CEO Mohamed Jameel Al Ramahi added, “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. The agreements we have signed at Abu Dhabi Sustainability Week will support these nations’ clean energy goals.”

Masdar will also develop greenfield renewable projects in Uganda with a total installed capacity of 1 GW.

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