{"id":51115,"date":"2023-12-06T07:50:32","date_gmt":"2023-12-06T07:50:32","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes"},"modified":"2023-12-06T08:43:08","modified_gmt":"2023-12-06T08:43:08","slug":"masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes","title":{"rendered":"Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Angola. <\/strong><\/span><b>Masdar, one of the world\u2019s leading renewable energy companies, has announced plans to develop a major 150 megawatt (MW) solar PV project in Angola to deliver renewable energy to 90,000 homes while creating hundreds of jobs, spurring economic growth, and cutting carbon emissions.<\/b><\/p>\n<p>As global leaders engaged in climate negotiations at the UN\u2019s climate change conference COP28 in Dubai, Masdar \u2013 the UAE\u2019s clean energy powerhouse \u2013 signed a concession agreement with Angola\u2019s Ministry of Energy and Water to build and operate the ground-mounted solar power project in the Quipungo region, Hulia province, southern Angola. The area enjoys strong solar irradiation levels but struggles with a lack of access to reliable electricity.<\/p>\n<p>Energy insecurity remains one of the most significant constraints on Africa\u2019s development. In Angola, less than half of the population has access to electricity, that proportion falls even further in rural areas. This project will significantly support Angola\u2019s goal of increasing its national electrification rate to around 60 percent by 2025.<\/p>\n<p>The agreement was signed by HE Joao Baptista Borges, Angola\u2019s Minister of Energy and Water and Masdar\u2019s Chief Executive Officer, Mohamed Jameel Al Ramahi.<\/p>\n<p>HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President, said: \u201cAfrica has what it takes to become the world\u2019s renewable energy powerhouse. At COP28 and beyond, we will continue to work with Africa for Africa. The UAE stands shoulder-to-shoulder with our friends in Africa as we strive to secure a just energy transition at this COP of action and COP for all. We are delighted to be moving forward with plans to build this solar power plant in Angola that will bring vital clean energy and jobs to communities. We look forward to developing this strong partnership with Angola as we work together to maximize the country\u2019s huge clean energy potential.\u201d<\/p>\n<p>Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: \u201cDeveloping renewable energy capacity is the key to unlocking Africa\u2019s enormous economic potential, and Masdar is excited to be playing a major part in this effort. Masdar is the largest renewables energy company in Africa, through our platform Infinity Power. To accelerate a just energy transition, Masdar recently joined forces with Africa50, a pan-African infrastructure investment platform. Our mission is to fast-track and scale projects so we can deliver 10GW of clean energy in Africa by 2030. Masdar is an anchor partner of the UAE-led Africa Green Investment Initiative and has committed to mobilize US$10 billion in clean energy finance, of which US$2 billion will be generated from equity with an additional US$8 billion from project finance. This transformative project in Angola is a proud milestone on that pivotal journey.\u201d<\/p>\n<p>Provinces like Huila, where this solar project will be built, are highly constrained by their dependence on emissions-intensive, unreliable fuel. Once completed, the solar facility will displace over 224,000 tonnes of carbon emissions every year, the equivalent of removing 50,000 cars from the roads.<\/p>\n<p>The solar plant will support homes and businesses to leapfrog from patchy, traditional-fuel powered electricity to accessing continuous clean energy. The project will boost the local economy too. Up to 600 jobs are expected to be created during the construction phase. Afterward, the supply of reliable, clean energy is expected to help grow sectors including agriculture.<\/p>\n<p>The solar project in Quipungo forms part of a wider commitment made by Masdar in January, during Abu Dhabi Sustainability Week 2023, to develop 5 gigawatts (GW) of renewable energy projects across Angola, Uganda and Zambia. The Agreements were signed under the umbrella of Etihad 7 \u2013 a global development fund launched by the UAE to provide 100 million people across the African continent with clean electricity by 2035.<\/p>\n<p><b>Source: News Ghana<\/b><\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/angola\">Angola<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Angola. Masdar, one of the world\u2019s leading renewable energy companies, has announced plans to develop a major 150 megawatt (MW) solar PV project in Angola to deliver renewable energy to 90,000 homes while creating hundreds of jobs, spurring economic growth, and cutting carbon emissions. As global leaders engaged in climate negotiations at the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":51114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,337,329],"class_list":["post-51115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes - Angola<\/title>\n<meta name=\"description\" content=\"Masdar, one of the world\u2019s leading renewable energy companies, has announced plans to develop a major 150 megawatt (M ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes\" \/>\n<meta property=\"og:description\" content=\"Masdar, one of the world\u2019s leading renewable energy companies, has announced plans to develop a major 150 megawatt (M ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-06T07:50:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-06T08:43:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/12\/sm_1701839443.767668.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1773\" \/>\n\t<meta property=\"og:image:height\" content=\"1040\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes\",\"datePublished\":\"2023-12-06T07:50:32+00:00\",\"dateModified\":\"2023-12-06T08:43:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\"},\"wordCount\":637,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/12\/sm_1701839443.767668.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/masdar-to-develop-150mwac-solar-plant-in-angola-to-power-90000-homes\",\"name\":\"Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes - 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