Sun Africa to Invest $1.5 Billion in Renewables in Angola

Connect with us:

Image: Afrik21

Angola has signed a Memorandum of Understanding (MoU) with solar project developer, Sun Africa, and U.S.-based AfricaGlobal Schaffer, for a $1.5 Billion mini-grid project to supply solar electricity and drinking water to the southern provinces of Cunene, Namibe, Cuando Cubango and Huíla in Angola.

During a visit to the U.S. in September, Angola’s Minister of Energy and Water, H.E. João Baptista Borges, accompanied by the President of Angola, H.E. João Lourenço, signed the MoU during a roundtable on investments in Angola initiated by the United States-Angola Chamber of Commerce.

Financial resources for the project will be raised by Sun Africa from the Export-Import Bank of the United States. Expected to stimulate economic development, the project will see the creation of the largest mini-grid energy project on the continent.

“The electrification will be done either through conventional solutions with the extension of lines and the construction of substations or using solar energy. The U.S. is one of the leading countries in the installation of these systems, mainly in the remote regions, where this solution is the most available and accessible,” stated Minister Borges. 

The Minister indicated that the period of execution for the project has yet to be defined, with the two companies stating that implementation could occur in two years.

One of the major goals of the project is to reduce the gap in electrification between the northern and southern parts of the country by extending the national electricity network. During the first phase of Angola’s Energy Sector Efficiency and Expansion Program, the country’s government received a loan of $530 million from the African Development Bank to transfer part of the hydroelectric power supply from the north to the country’s energy-impoverished southern provinces.

Energy Capital & Power will produce an Africa Energy Series: Angola 2022 special report and documentary with a new look and multimedia components, during a critical moment in the country’s energy sector development. The documentary will be advertised and aired on local TV and international news outlets, including CNBC Africa, and on Energy Capital & Power’s digital platforms. For editorial enquiries regarding the Africa Energy Series report and documentary, please contact editorial@

Other Reads

Other Reads

Matthew Goosen

Matthew Goosen

Matthew Goosen is a Video Editor and Content Writer at Energy Capital & Power. He holds an Honours Degree in Film and Media Studies at the University of Cape Town and is currently undergoing his Masters Degree. Born in Pretoria and raised internationally, he has been living in Cape Town since 2013.

More from the Author

Sign up for latest news and event info

Copyright © 2023 Energy Capital & Power. Privacy Policy · Terms of Use