Enel Green Power, Qatar Investment Authority partner for renewable energy development in Sub-Saharan Africa

Enel Green Power (EGP) has signed an agreement to form a JV with a subsidiary of the Qatar Investment Authority (QIA), aimed at financing, building and operating renewable projects in sub-Saharan Africa. As a part of this agreement, QIA will acquire 50 per cent of EGP’s stake in approximately 800 MW of projects in South Africa and Zambia in the first phase. This will involve four projects under construction in South Africa and two plants in operation in South Africa and Zambia. This initial portfolio will consist of the 34 MW Ngonye PV plant that is operational in Zambia along with the recently connected 148 MW Nxuba wind farm in South Africa. The four under-construction projects, aggregating 587 MW of capacity, are the South African wind farms of Oyster Bay (148 MW), Garob (145 MW), Karusa (147 MW) and Soetwater (147 MW).

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