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GW of Renewable Energy Projects in Africa | |
| Sumita Pawar |
Masdar, UAE, announced in a statement that it has signed agreements at Abu Dhabi Sustainability Week (ADSW) 2023 with three countries: Angola, Uganda, and Zambia.
A memorandum of understanding (MOU) is signed for the development of renewable energy projects with a total capacity of up to 5 gigatonnes (GW).
The agreements were made as part of the Etihad 7 initiative, which is led by the UAE and aims to get public and private money to invest in the growth of Africa's renewable energy sector.
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According to the report, Etihad 7 was launched at ADSW 2022 by HE Sheikh Shakhboot Nahyan Al Nahyan, Minister of State in the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), with the aim of achieving 20 GW of capacity to supply 100 million people across the continent with clean electricity by 2035.
The report mentioned the agreements signed under the Etihad 7 umbrella at ADSW 2023.
which include an agreement with Angola’s Ministry of Energy and Water for the development of renewable energy projects with a total capacity of 2 GW.
an agreement with Uganda’s Ministry of Energy and Mineral Development for the development of greenfield renewable projects with a total installed capacity of 1 GW.
an agreement with Zambia’s Ministry of Energy and Zambian national utility ZESCO Limited for the joint development of solar, wind, and hydroelectricity projects with a total capacity of 2 GW.
The report said that Masdar also made a deal with TANESCO in August. TANESCO is Tanzania's only electricity provider.
The agreement with TANESCO is to develop renewable energy projects with a total capacity of up to 2 GW, also under the umbrella of the Etihad 7 program.
The two groups are almost done setting up a joint venture company to move forward with this strategic partnership.