Global energy developer Masdar has signed its first Power Purchase Agreement (PPA) in Angola, securing long-term offtake for the 150 MW Quipungo Solar project – situated in Huila Province, southern Angola. The company signed the PPA with Angola’s Rede Nacional de Transporte de Electricidade on the sidelines of the International Renewable Energy Agency (IRENA) General Assembly in January, reflecting a commitment to deploying large-scale clean energy solutions in Angola.

The Quipungo Solar Project is the first commercial development under Project Royal Sable – a three-site renewable energy program targeting 500 MW. The program aims to strengthen the country’s national grid network by enhancing generation capacity. Once completed, the program will create more than 2,000 jobs, provide electricity to 300,000 households and support Angola’s sustainable development.

“The Quipungo PPA demonstrates how long-term partnerships and structured offtake arrangements can accelerate the deployment of utility scale renewables that support national clean energy ambitions, economic development and job creation, providing reliable, affordable clean power to local communities,” shared Mohamed Jameel Al Ramahi, CEO, Masdar.

Citește mai mult