Angola targeting 800 MW renewables by 2025 Eni targets 5-GW global renewables rollout by 2025 Barcelona — Italian oil major Eni and Angolan state energy company Sonangol have signed an agreement to develop renewable projects in Angola, the companies announced Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. The joint venture, Solenova, will aim to participate in Angola's drive to install 800 MW of installed renewable capacity by 2025, with a specific focus on utility-scale solar projects, they said. The new company has already identified its first project -- a 50-MW photovoltaic plant in the southern part of Angola, which will be used to reduce the use of mainly diesel thermal plants in electricity production. Eni is targeting the realization of more than 60 worldwide brownfield and greenfield projects, for a total of over 1.6 GW of wind and solar capacity by 2022 and up to 5 GW by 2025, with an investment of Eur1.4 billion ($1.6 billion) over 2019-22. Eni has been present in the Angola as an upstream producer since 1980 where it currently produces around 150,000 b/d of oil equivalent. --Gianluca Baratti, newsdesk@spglobal.com --Edited by Jonathan Dart, newsdesk@spglobal.com
A joint venture (JV) between Eni and Angola's state energy company, Sonangol, will develop renewable energy programmes in the central African country. The newly-formed Solenova will begin construction of a 50 MW solar plant in southern Angola as its first project, with plans to contribute to the nation's target of 1.6 MW of renewable capacity by 2025. Eni has been operating in Angola since 1980, and currently produces 50,000 barrels of oil per day there. The JV will feed into its aims to build global solar and wind capacity to 800 GW by 2022 and 5 GW by 2025.