Total Eren signs Shareholders Agreement for 35 MW solar PV project in Angola


Sonangol, Total Eren, and Greentech – Angola Environment Technology Ltd (Greentech) have announced that they executed last week the Shareholders Agreement establishing their partnership on the 35 MWp Quilemba Solar project in Angola.

According to the agreement, Sonangol will be acquiring a 30% interest in Quilemba Solar Lda, while Total Eren and Greentech will own 51% and 19% respectively.

The plant will be constructed in Lubango, capital of Angola’s Huíla Province. It has been in the making since late 2020, when Total Eren and Greentech signed a Memorandum of Understanding (MoU) with the Angolan Ministry of Energy and Water (MINEA) for the its construction and operation.

Quilemba Solar is one of many utility-scale solar projects currently being developed in Angola, in line with the country’s vision to commission up to 500 MW of renewable energy capacity between 2022 and 2025.

Italian major Eni is also involved in the development of a 50 MW solar PV plant in the country at the Bibala Municipality in the Namibe Province under a joint-venture with Sonangol called Solenova.

Earlier this year, the consortium of Sun Africa, MCA Solar Angola and Hitachi ABB Power Grids also broke ground on 370 MW of solar PV projects in the country. These are split across seven different facilities now under-construction, including the 188.88 MWdc Biopioa solar plant and the 96.70 MWdc Benguela solar plant.

Last month, Sun Africa took its commitment to Angola a step further with the signing of a memorandum of understanding for the development of Africa’s largest mini-grid and rural electrification project at a cost of $1.5bn.

Full details on Sun Africa, Total Eren and Solenova’s solar projects in Angola are available in the “Projects” section within your Hawilti+ research terminal.

Read more

AIIM closes $370m financing for IDEAS Managed Fund – plans to keep investing in renewable energy

African Infrastructure Investment Managers (AIIM) has announced it has successfully completed a capital increase of ZAR 5.5 bn (about $370m) for its IDEAS Managed Fund (IDEAS) dedicated to infrastructure financing in the Southern African Development Community (SADC) region. “The new commitments were secured from 19 key South African institutional and pension fund investors, with two […]

Kosmos Energy consolidates interests in Ghana’s producing Jubilee and TEN fields

Kosmos Energy has just announced the close of a transaction by which it has acquired an additional 18% in the Jubilee Field and an additional 11% in the TEN Fields in Ghana from Occidental Petroleum (OXY) for a price of $550m. Both assets were previously chased by TotalEnergies as part of its broader acquisition of […]