Total Eren, a leading renewable energy Independent Power Producer (IPP) based in Paris, along with Greentech Angola Environment Technology, Ltd (Greentech), an experienced energy developer based in Luanda, are pleased to announce the signature of a Memorandum of Understanding (MoU) with the Angolan Ministry of Energy and Water (MINEA) on November 30th, 2020, for the construction and operation of a 35 MWp solar project.
The solar power plant will be located in Lubango, Huila province capital. It will be developed, financed, built, and operated by Total Eren (75%) and Greentech (25%).
This solar project is totally in line with Angola’s ambition to foster foreign investments and promote renewable energies to reach 800 MW of installed capacity in the country by 2025. Once commissioned, the solar farm will provide competitive power supply to the Angolan network and enable significative fuel savings compared to the existing thermal power plants.
Fabienne Demol, Executive Vice President and Global Head of Business Development of To tal Eren,stated: “We are thrilled to be part of the development of the renewable energy sector in Angola,where we will be able to leverage the established track record, expertise and historical presence of our shareholder Total S.A. Following a detailed feasibility study in close collaboration with Angolan authorities and key stakeholders over the past months, this MoU marks an important and concrete milestone for the implementation of the project. We are now looking forward to the next steps of the
Jorge Salvador, Executive and Co-Founder of Greentech – Angola Environment Technology, commented: “This project will provide clean and affordable electricity for the local population of Huila province while bringing immediate economic benefits to the State of Angola. We are looking forwardto working hand in hand with the technical teams of MINEA, the National Transport Network (RNT),the Public Electricity Production Enterprise (PRODEL) and the Regulatory Institute for Water and Electricity Services (IRSEA), which will be decisive to master the challenges that arise from the
implementation of one of the first utility-scale solar PV project financed and operated by independent partners in Angola.”