JA Solar International Ltd
Metalgalante S.p.A.
MSC Mediterranean Shipping Company
CAF Data Centre Industry Outlook
Car Mix

twitter Facebook Linkedin acp Contact Us

Major solar development announced at COP28

Once completed, the solar facility will displace over 224,000 tonnes of carbon emissions every year. (Image source: Masdar)

At the UN Climate Change Conference 2023 (COP28) in Dubai, the Abu Dhabi Future Energy Company PJSC (Masdar) signed a concession agreement with Angola’s Ministry of Energy and Water for a major solar PV project in the country

Masdar will build and operate the 150MW ground-mounted solar project in the Quipungo region which is expected to deliver renewable energy to around 90,000 homes. In addition to addressing the lack of access to reliable electricity experienced in the region and country (Angola has set a goal of increasing its national electrification rate to around 60% by 2025), the project is also expected to create up to 600 jobs and spur economic growth. 

The agreement was signed by Joao Baptista Borges, Angola’s Minister of Energy and Water, and Mohamed Jameel Al Ramahi, CEO of Masdar, and forms part of the latter’s wider commitment to develop 5GW of renewable energy projects across Angola, Uganda and Zambia. 

Al Ramahi, said, “Developing renewable energy capacity is the key to unlocking Africa’s enormous economic potential, and Masdar is excited to be playing a major part in this effort. Masdar is the largest renewables energy company in Africa, through our platform Infinity Power. To accelerate a just energy transition, Masdar recently joined forces with Africa50, a pan-African infrastructure investment platform. Our mission is to fast-track and scale projects so we can deliver 10GW of clean energy in Africa by 2030. Masdar is an anchor partner of the UAE-led Africa Green Investment Initiative and has committed to mobilise US$10bn in clean energy finance, of which US$2bn will be generated from equity with an additional US$8bn from project finance. This transformative project in Angola is a proud milestone on that pivotal journey.”

Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, chairman of Masdar and COP28 president, added, “Africa has what it takes to become the world’s renewable energy powerhouse. At COP28 and beyond, we will continue to work with Africa for Africa. The UAE stands shoulder-to-shoulder with our friends in Africa as we strive to secure a just energy transition at this COP of action and COP for all. We are delighted to be moving forward with plans to build this solar power plant in Angola that will bring vital clean energy and jobs to communities. We look forward to developing this strong partnership with Angola as we work together to maximise the country’s huge clean energy potential.”

African Review

Most Read

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

The project sought to address the high accident rate at the old Breidbach intersection and the traffic congestion. (Image source: SANRAL)

The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)

Multiple member of Julius Berger were present at the summit. (Image source: Julius Berger)

The signing ceremony was held in Freetown. (Image source: Infinity Power)

The plant will be built and operated in partnership with Pele Green Energy. (Image source: Adobe Stock)

The project has a total of 210 planned connections. (Image source: ECOWAS)

The AfDB board complemented Transnet for progress made in rolling out its compliance and governance improvement programme. (Image source: AfDB)

The new data centre is ‘EcoStruxure-ready’, with components of the installed EcoStruxure for Data Centers platform solution. (Image source: Schneider Electric)

d.light has a proven track record in the use of securitised finance to support its solar-powered household products in sub-Saharan Africa. (Image source: d.light)

Ghana’s President, Nana Addo Dankwa Akufo-Addo, speaking at the launch. (Image source: Office of the President, Republic of Ghana)

Dietmar Siersdorfer speaking at Africa Energy Forum in Barcelona. (Image source: Siemens Energy)

The generator set fitted with a Perkins 1103 is providing vital backup power at the St Patrick School in Uganda. (Image source: Perkins)

5G technology deployment will take place later this year. (Image source: Adobe Stock)

Spiro will draw from its experience in Kenya, Benin, Togo, Rwanda and Nigeria as it launched in Uganda. (Image source: Spiro)

According to IRENA, concrete policy actions and massive mobilisation of finance at full speed is required in order to meet the 2030 target. (Image source: Adobe Stock)

Genset BuyersGuide
Construction Buyers Guide