Enel’s renewable arm Enel Green Power (EGP) and a Qatar Investment Authority (QIA) subsidiary have signed an agreement for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa. The parties also signed an agreement whereby QIA will acquire 50% of EGP’s stake in projects in operation and under construction in South Africa and Zambia with approximately 800 MW capacity, Enel said.

Enel CEO and General Manager Francesco Starace said the two companies will work together to accelerate the creation of an extensive green energy footprint in Sub-Saharan Africa, contributing to the continued pursuit of its ambitious goals in this sector by further harnessing the region’s immense renewable potential and contributing to a more sustainable economic development model in this part of the world.

 

https://www.neweurope.eu/article/enel-and-qatar-investment-authority-to-develop-renewables-in-sub-saharan-africa/