Angola Receives $1B+ to Purchase 48 Hybrid PV Generation Systems

July 24, 2023
These systems will have energy storage capabilities and provide 100% renewable electricity to nearly one million residents

Angola announced its Ministry of Finance has received $1.4 billion to construct a photovoltaic (PV) electricity distribution infrastructure for its provinces and rural villages across the country, including Moxico, Lunda Norte, and Malanje.  

The funds, provided by Standard Chartered and backed by Euler Hermes, a German export credit agency, will allow Angola to purchase 48 hybrid PV generation systems. These systems will have energy storage capabilities, which will create autonomously operating mini-grids and provide 100% renewable electricity to nearly one million residents.

“The new generation systems will support rural villages across the country to become more self-sufficient and less reliant on Angola’s main electricity network,” said Standard Chartered.

In addition to providing 60 communities with access to renewable energy, the PV systems will also save approximately 7.9 megatons of CO2 emissions.

About the Author

Breanna Sandridge, Senior Editor

Breanna Sandridge is senior editor for EnergyTech and Microgrid Knowledge, both part of the energy group at Endeavor Business Media.

Prior to that, Breanna was managing editor for Machinery Lubrication and Reliable Plant magazines, both part of Noria Corp. She has two years experience covering the industrial sector.

She also is a 2021 graduate of Northeastern State University (Oklahoma) with a Bachelor's in English.