Reading Time: 5 minutes
Sonangol, Total Eren, and Greentech – Angola Environment Technology Ltd are pleased to announce the signature of a Shareholders Agreement establishing their partnership on the 35 MWp Quilemba Solar project in Angola.
Sonangol, Total Eren, and Greentech signed the agreement sealing their partnership on the Quilemba solar photovoltaic (PV) power plant to be located in Lubango, the capital
of the Huila Province. According to this agreement, Sonangol will be acquiring a 30% interest in Quilemba Solar Lda, while Total Eren and Greentech will own 51% and 19% respectively.
This partnership will be key for the development finalization of Quilemba Solar as well as for the project’s implementation. Once commissioned, the solar farm will allow for significant savings in fuel, compared to the existing thermal power plants, and will increase the renewable power generation capacity in the south of Angola, in line with the country’s strong ambition for the renewable energy sector.
Maria A. Correia, Member of the Executive Committee of Sonagás, said: “The signing of this agreement represents, on one hand, the strengthening of the partnership with TotalEnergies in Angola and Greentech and, on the other, Sonangol’s commitment to the energy transition in the country, to environmental concerns and energy sustainability. Therefore, a step has been taken and we have in our hands a tool for a common goal.”
Fabienne Demol, Executive Vice President and Global Head of Business Development of Total Eren, stated: “We are delighted to welcome Sonangol on the Quilemba Solar project which we are diligently developing with our partner in Angola, Greentech. We believe that, together, we can work more effectively on providing low-carbon, renewable and competitive electricity to the Angolan people.
With this project, we will strengthen the renewable energy sector in Angola where Total Eren is leveraging the established track record, expertise and historical presence of its shareholder, TotalEnergies S.A. Together with Greentech and Sonangol, we are now looking forward to commencing the construction phase of Quilemba Solar.”
Jorge Salvador, Executive and Co-Founder of Greentech – Angola Environment Technology, commented: “Having Sonangol in the Quilemba Solar project will create additional synergies in the joint development and will be an additional force to accelerate the efforts for Energy Transition in Angola. Private based investments are key to driving medium-long term strategies, and we are very pleased to be partnering with such a distinctive set of companies such as Total Eren and now Sonangol.”
About Total Eren
Founded in 2012 by Pâris Mouratoglou and David Corchia, Total Eren is a leading renewable energy Independent Power Producer (“IPP”) based in Paris that develops, finances, builds and operates renewable energy power plants (solar, wind, hydro). In aggregate, Total Eren’s plants represent a gross capacity of more than 3,500 MW in operation or under construction worldwide. Through partnerships with local developers, Total Eren is currently developing numerous energy projects in countries and regions where renewable energy represents an economically viable response to growing energy
demand such as in Europe, in Central and South Asia, in Asia Pacific, in Latin America and in Africa. The objective is to achieve a global gross installed capacity of more than 5 GW by 2022. Since December 2017, TotalEnergies, the major energy company, has been participating as a shareholder of Total Eren and owns today almost 30% (directly and indirectly) of the Company.
In Africa, Total Eren has a track record of 151 MWp of solar power plants currently in operation in Egypt, Burkina Faso, and Uganda. Besides Angola, the Company is also actively developing several solar and wind projects across Sub-Saharan Africa.
For more information, please visit http://www.total-eren.com.
In 2020, Sonangol approved, under its Regeneration program, the creation of the Gas and Renewable Energy Business Unit with the mission of developing projects aimed at the production of clean energy. Sonangol has in its portfolio 50.6 MW of clean energy generation. On the other hand, Sonangol is developing projects and initiatives to replace the use of diesel with clean energy in areas of the country that still do not have electricity supply from the national grid, as well as in remote areas and industrial units.
For more information, please visit: http://www.sonangol.co.ao
About Greentech – Angola Environment Technology
Greentech is an Angolan company founded in 2012. Its experience arises from previous involvement in the management of thermal power plants (80 MW in Luanda). This is especially important to correctly address the challenges that arise from the introduction of solar PV power plants in grids where thermal generation plays a significant role. Greentech has been working since 2016 in the analysis and development of renewable energy projects, resulting in significant market knowledge. Currently, the company is deploying other important projects for the industrial/mining sector and is installing
several small-scale solar PV installations through the territory.