Masdar signs Agreement for Solar PV project in Angola

12 Jan Masdar signs Agreement for Solar PV project in Angola

(Oilandgaspress) Masdar has signed a Power Purchase Agreement (PPA) for the 150-megawatt (MW) Quipungo Solar Photovoltaic project in Angola, marking Masdar’s first PPA in the country. The Quipungo project represents the first contracted site under Project Royal Sable, a planned 500MW renewable energy programme across three sites that will strengthen Angola’s southern power grid and support the country’s sustainable development objectives.

The agreement was signed with the state-owned offtaker Rede Nacional de Transporte de Electricidade (RNT-EP). It was signed on behalf of Masdar by Abdulaziz Alobadli, Chief Operating Officer, and on behalf of RNT-EP by Mauro Hernany Ferrerira Martins, Executive Director for Market Operations and Regulatory Affairs. The signing took place on the sidelines of the IRENA General Assembly, part of Abu Dhabi Sustainability Week, and was witnessed by H.E. Dr. Amna bint Abdullah Al Dahak, UAE Minister of Climate Change and Environment, H.E. João Baptista Borges, Angola’s Minister of Energy and Water, H.E. Júlio Belarmino Gomes Maiato, Ambassador of the Republic of Angola to the UAE, H.E. Francesco LaCamera Director-General of the International Renewable Energy Agency (IRENA), and Mohamed Jameel Al Ramahi, Masdar’s Chief Executive Officer.

The PPA secures long-term electricity offtake from the 150MW Quipungo Solar PV site, located in Huila Province in southern Angola.

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