Masdar to develop 5 GW of renewables in Africa
ABU DHABI, January 23, 2023 – Masdar has signed three agreements to develop 5 GW of renewable capacity in Angola, Uganda and Zambia, the Emirati green energy company announced on Friday.
The company – also known as Abu Dhabi Future Energy Company – signed a deal with Angola’s Ministry of Energy and Water to develop 2 GW of renewable capacity.
Masdar also penned an agreement with Uganda’s Ministry of Energy and Mineral Development to develop greenfield renewable developments with a capacity of 1 GW.
Additionally, the company signed an agreement with Zambia’s Ministry of Energy and Zambia’s state-owned power generation company ZESCO to develop wind, solar and hydroelectric projects with a combined capacity of 2 GW.
All deals were signed at the Abu Dhabi Sustainability Week 2023 conference that ran from January 14 to January 19.
The contracts are part of the UAE’s Etihad 7 global development fund that aims to develop Africa’s renewables sectors by building 20 GW of green energy in the continent by 2035.
Masdar has already made moves into Africa, including an agreement signed in November 2022 between itself, joint venture Infinity Power Holding, Egyptian infrastructure company Hassan Allam Utilities and the local government to develop a 10-GW onshore wind project in Egypt.
The same coalition plans to develop a green hydrogen electrolyser in Egypt with a capacity of 4 GW and an output of 480,000 tonnes of green hydrogen per year by 2030.
In August 2022, Masdar signed an agreement with Tanzania Electric Supply Company to develop up to 2 GW of renewable energy capacity under a planned joint venture.
Masdar also has projects in Mauritania, Morocco and the Seychelles.
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