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Source: Renew Africa

Sonangol, Total Eren, and Greentech recently signed a Shareholders Agreement for the 35 MWp Quilemba Solar project in Angola.

Paris based renewable energy Independent Power Producer, Total Eren, has concluded an agreement with Angola’s state oil giant Sonangol, and energy company Greentech, to jointly develop the 35 MW Quilemba solarphotovoltaic (PV) power plant in the Huila Province of Angola.

According to the agreement, Sonangol will be acquiring a 30% interest in Quilemba Solar Lda (Quilemba Solar), while Total Eren and Greentech will own 51% and 19% respectively. 

“The signing of this agreement represents, on one hand, the strengthening of the partnership with TotalEnergies in Angola and Greentech and, on the other, Sonangol’s commitment to the energy transition in the country, to environmental concerns and energy sustainability. Therefore, a step has been taken and we have in our hands a tool for a common goal,” said Maria Correia, member of the Executive Committee of Sonagás.

The development of the Quilemba Solar plant is expected to bring significant savings in fuel compared to the existing thermal power plants, and will increase the renewable power generation capacity in the south of Angola, in line with the country’s ambitions to develop its renewable energy sector. 

Accelerating the Energy Transition in Angola

“With this project, we will strengthen the renewable energy sector in Angola where Total Eren is leveraging the established track record, expertise and historical presence of its shareholder, TotalEnergies S.A. Together with Greentech and Sonangol, we are now looking forward to commencing the construction phase of Quilemba Solar,” says Fabienne Demol, Executive Vice President and Global Head of Business Development of Total Eren.

“We believe that, together, we can work more effectively on providing low-carbon, renewable and competitive electricity to the Angolan people,” added Fabienne Demol.

The addition of Angolan state owned oil giant Sonangol in the Quilemba Solar project is expected to help accelerate the efforts for the Energy Transition in Angola. 

“Having Sonangol in the Quilemba Solar project will create additional synergies in the joint development,” commented Jorge Salvador, Executive and Co-Founder of Greentech. “Private based investments are key to drive medium-long term strategies, and we are very pleased to be partnering with such a distinctive set of companies such as Total Eren and now Sonangol.”