Attending: Key stakeholders including representatives from the Government, International Finance Institutions (IFIs), policy makers, international and local developers, EPC contractors, independent power producers, engineering, legal and advisory services, manufacturers, banking and private equity entities.
Background: Angola has adopted The National Strategy for New Renewable Energies under The National Energy Security Strategy vision 2025, with an approved goal of 800 MW, with a share of 500 MW in biomass and 100 MW for each of the other sources: wind, sun and small hydropower plants. In this respect, along with the large and medium-sized hydropower projects, Angola will have 74% of its installed power based on renewable energies. The ambition of the Angola Energy 2025 Vision foresees a target of 500 Solar Villages by 2025 to be installed in off-grid main villages. In addition, under the Angola Renewable Energy Programme (AREP) a dedicated framework will act as a single entity for all future competitive procurement for IPPs.
Angola has set a target of increasing electricity access to 60% of the population by 2025, which will also require an investment into the power infrastructure system by expanding and connecting the national grid. To achieve the Angola Energy 2025 Vision it will be required to mobilize public and private investments of USD 23 billion - the investment in generation will therefore have to be accompanied by investment in distribution. The availability of renewable energy potential combined with the government priorities to promote universal electrification, places Angola as a significant investment hub in the renewable energy and power infrastructure sector in the Southern Africa region.
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