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Enel’s renewables arm Enel Green Power (EGP) has sealed an agreement with the Qatar Investment Authority (QIA) to develop renewable energy projects in Sub-Saharan Africa.
Under the deal, Qatar‘s wealth fund will buy half of Enel’s 800MW operational and under-construction renewable capacity in Zambia and South Africa.
Francesco Starace, Enel Chief Executive Officer and General Manager, said: “We will work together to accelerate the creation of an extensive green energy footprint in Sub-Saharan Africa, contributing to the continued pursuit of its ambitious goals in this sector by further harnessing the region’s immense renewable potential and contributing to a more sustainable economic development model in this part of the world.”