Sonangol, Total Eren, and Greentech have announced the signature of a Shareholders Agreement establishing their partnership on the 35 MWp Quilemba Solar project in Angola. The Quilemba solar photovoltaic (PV) power plant is to be located in Lubango, the capital of the Huila Province.
According to this 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. This partnership will be key for the development finalization of Quilemba Solar as well as for the project’s implementation. Once commissioned, the solar farm will allow for 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 strong ambition for the renewable energy sector.
Maria A. Correia, Member of the Executive Committee of Sonagás, said: “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.”
Fabienne Demol, Executive Vice President and Global Head of Business Development of Total Eren, stated: “We are delighted to welcome Sonangol on the Quilemba Solar project which we are diligently developing with our partner in Angola, Greentech. We believe that, together, we can work more effectively on providing low-carbon, renewable and competitive electricity to the Angolan people.
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.”
Jorge Salvador, Executive and Co-Founder of Greentech – Angola Environment Technology, commented: “Having Sonangol in the Quilemba Solar project will create additional synergies in the joint development and will be an additional force to accelerate the efforts for Energy Transition in Angola. 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.”