Date: 12 July 2023
Location: Luanda and Online
Description: RENPOWER ANGOLA will highlight the evolution and ambitions taken by the government to scale-up clean energy resources projects to continue pushing the green agenda and investment opportunities in Angola’s RE business landscape.
To achieve Angola’s initiative to decarbonize its energy mix and achieve 70% of energy generated from renewable energy sources — hydro, biomass, solar and wind — by 2025, it is estimated that the country requires an investment of around USD 23.3 billion. In the last years, Angola’s power generation capacity has grown rapidly, mainly through large-scale hydropower; however, reliance on hydropower makes the country especially exposed to climate variability and climate change. And it is through the Strategy Angola Energia 2025, that the government is starting to tap into the abundant natural energy resources available with a potential of 55GW of solar, 3.9GW of wind, 3GW of biomass, and 18GW of hydropower. Large investment will also be needed in the power infrastructure and modernization of the grid with innovative solutions in-grid and off-grid to connect new RE plants and make uniform the universal access to electricity.
In brief, Angola could generate large amounts of clean electricity and due to its large hydropower resources as well as renewables potential it makes the country a top target to also produce and develop a green hydrogen economy.
