The financing from SEK covers seven photovoltaic projects – two larger projects to be connected to the main grid and five smaller projects in rural areas. In addition, the cost of solar energy is lower than diesel, which will make this a good long-term investment for the country.”Ĭarlo Amado, Business Development Director of the MCA Group Long-term financing “A project of this size will not only contribute to the country’s electricity supply, it will also make a difference to, for example, schools and households, in seven locations when solar panels are built. This project will help to replace some of these diesel generators, and increase and contribute to the electrification of several local communities. The major cities are connected to the national power grid but diesel generators are generally used in rural areas to provide villages with electricity. As a result, the Angolan Ministry of Energy and Water Resources wants to increase the share of sustainable energy in the country and switch to renewable sources such as solar. Jenny Larsson, Managing Director of Hitachi ABB Power Grids in Sweden A project that makes a differenceĪngola is a country on the west coast of Southern Africa and is largely dependent on fossil fuels for its electricity generation. I’m glad that we as an anchor supplier can make this happen.”
The key to success has been the early involvement of our engineering and finance experts that has been working in collaboration with MCA, EKN, SEK, Elof Hansson and others under the Team Sweden approach.
We enable a stronger, smarter and greener grid in Angola. “We are proud of contributing with our latest technology and engineering knowhow. From a Swedish perspective, the business project is the successful result of constructive collaboration between many different parties within Team Sweden, ING Bank, the developer Sun Africa which is a US renewable energy company and the construction company MCA.
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