Masdar signs PPA for 150MW Quipungo solar project in Angola
150 MW
Capacity
Quipungo Solar Photovoltaic project
Project
Masdar will develop a 150MW solar project in Quipungo, Angola, and sell the generated electricity to Rede Nacional de Transporte de Electricidade (RNT-EP). The agreement is formalized through a power purchase agreement (PPA).
Deal Analysis
Masdar's signing of a Power Purchase Agreement (PPA) for the 150MW Quipungo Solar Photovoltaic project in Angola represents a significant step in the country's renewable energy development. This marks Masdar's first PPA in Angola and is the first contracted site under the larger Project Royal Sable, a 500MW renewable energy program designed to bolster Angola's southern power grid. The agreement with state-owned offtaker Rede Nacional de Transporte de Electricidade (RNT-EP) underscores the Angolan government's commitment to diversifying its energy mix and promoting sustainable development.
The Quipungo project is notable for its scale within the Angolan context and the involvement of Masdar, a well-established international renewable energy developer. The project's focus on strengthening the southern power grid highlights the strategic importance of improving energy infrastructure in the region. The successful execution of this PPA could pave the way for further renewable energy investments in Angola and contribute to the country's long-term energy security and environmental goals.
- Masdar's first PPA in Angola.
- Part of a larger 500MW renewable energy program (Project Royal Sable).
- Focuses on strengthening Angola's southern power grid.
- Involves a state-owned offtaker (RNT-EP).
Market Context: The deal takes place in the context of a growing global trend towards renewable energy adoption, particularly in developing economies seeking to diversify their energy sources and reduce reliance on fossil fuels. Angola, like many African nations, possesses significant solar resources, making solar PV projects an attractive option for meeting increasing energy demand and promoting sustainable development.
Counterparts (2)
Market Context
This deal is part of the Solar sector in Angola.
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