UAE renewables group Masdar has signed agreements with Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5GW.
These include an agreement with Angola’s Ministry of Energy and Water for the development of renewable energy projects with a total capacity of 2GW.
Another agreement with Uganda’s Ministry of Energy and Mineral Development aims to develop greenfield renewable projects with a total installed capacity of 1GW.
And a third deal with Zambia’s Ministry of Energy and Zambian national utility ZESCO covers the joint development of solar, wind, and hydroelectricity projects with a total capacity of 2GW.
The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds to invest in the development of Africa’s renewable energy sector.
UAE Minister of Industry and Advanced Technology and Chairman of Masdar Dr Sultan Al Jaber said: “The UAE is committed to advancing sustainable development in the Global South – and especially in our brotherly nations in Africa.
“These landmark agreements, which aim to deliver up to 5GW of energy to Angola, Uganda, and Zambia, follow last year’s signing of a 2GW agreement for renewable energy projects in Tanzania. These further agreements will be transformative to local communities and will help African nations to drive economic growth for their people while still meeting net-zero objectives.”