Signed Agreement Set to Steer Angolan Renewable Energy Developments
Angola’s national oil company, Sonangol, and Italian oil and gas major, ENI, have signed an agreement to develop renewable energy projects in the country.
The two companies inked a Heads of Agreement last week for the incorporation of a joint controlled company, Solenova Ltd, which will assess and develop renewable energy opportunities in Angola – in line with the country’s energy strategy which aims to install 800MW of renewable capacity by 2025.
The first project that will be developed is a 50MW solar photovoltaic plant in the south of the country, which will ease the use of diesel thermal plants for energy generation.
“Eni has been present in Angola since 1980 and Angola is a strategic country for Eni’s organic growth,” the company said in a statement.
Africa Oil & Power returns to London for the second year, to host the AOP Investor Forum 2019. The one-day conference will be held on June 17, 2019 at the Royal Institute of British Architects.