UAE-based renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a total capacity of up to 5 GW.
The agreements include the development of 2 GW of renewable energy projects in Angola, 1 GW of greenfield projects in Uganda, and 2 GW of solar, wind, and hydroelectric projects in Zambia.
The agreements were signed under the Etihad 7 initiative, a UAE initiative that aims to raise funds for Africa's renewable energy sector.
UAE Minister of Industry and Advanced Technology and Chairman of Masdar Dr Sultan Al Jaber said: “The UAE is committed to advancing sustainable development in the Global South – and especially in our brotherly nations in Africa.
“These landmark agreements, which aim to deliver up to 5GW of energy to Angola, Uganda, and Zambia, follow last year's signing of a 2GW agreement for renewable energy projects in Tanzania. These further agreements will be transformative to local communities and will help African nations to drive economic growth for their people while still meeting net-zero objectives.”
