A €62m Italo-French program will reduce risk for project developers and a €20m Spanish scheme will fund off-grid installations in sub-Saharan Africa.
The Italian oil and gas provider has signed a concession agreement with the government of the African oil country to build a 50 MW solar plant. The project is expected to be in the province of Namibe and will be part of the nation’s plan to deploy 600 MW of solar by 2022.
The money will be used, among other things, to finance the construction of a 50 MW solar plant in Benguela province, in the west of the country.
Belgian developer QWAY energy has announced plans for 500 MW of renewable energy capacity in Angola, up to 300 MW of which it says will be solar PV. The company has signed a contract for the projects with Angola based company Thueia.
Scientists at the United States Department of Energy’s Lawrence Berkeley Laboratory have created a hybrid device which can produce both hydrogen via water splitting and electricity via photovoltaics.
The Energy Project Implementation Support Unit (EPISU) will help independent power producers (IPPs) improve the bankability of projects. The new entity is being created with the financial support of the African Development Bank.
The Angolan government has invited representatives of the World Bank, which runs the program, to discuss ways of increasing the share of solar energy in the African country in the period up to 2022. Several sites for the construction of solar parks have already been identified.
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