The Export-Import Bank of the United States (EXIM) has awarded a loan to … Contact online >>
The Export-Import Bank of the United States (EXIM) has awarded a loan to
Speaking in capital Luanda, energy minister João Baptista Borges predicted that nationwide PV capacity will reach 600MW by 2022, up from the 10MW-plus figures recorded this year.
At an event with the US embassy this week, Baptista Borges said the roll-out of 30,000 individual systems is feasible if the private sector steps in to back the transition.
“There is a need to create a vehicle to secure funding for the electrification of rural areas,” the minister said, in statements aired by government news agency ANGOP.
“The National Rural Electrification Agency is the instrument foreseen in the General Electricity Law, which interacts with private investors,” Baptista Borges added.
In Angola, the rise in policymaker interest in solar PV comes as analysts describe the African state as a largely untapped PV hotspot, thanks to irradiation levels in the 1,350-2,100 kWh/m2/year range.
As the German Solar Association (BSW-Solar) and the Becquerel Institute noted this year, the government’s own figures place Angola’s solar potential at 55GW, far above wind’s 3GW.
In a report released in mid-May, as Intersolar 2019 got underway in Munich, the authors pointed at the government’s efforts to tap into clean energy to bolster rural electrification rates.
The minister’s talk this week of a 600MW solar market by 2022 outstrips some of the government’s earlier goals, including a target for PV capacity to hit 200MW nationwide by 2025.
As BSW-Solar and the Becquerel pointed out in May, the country has shown interest in coming on board the World Bank’s Scaling Solar programme, which has helped unlock PV growth in the likes of Senegal, Zambia and Ethiopia.
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Luanda, Angola – This week, Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis traveled to Luanda, Angola, where she met with government leaders, private sector companies and external stakeholders to highlight EXIM''s ongoing work to support American exporters looking to do business in the country, and the agency''s commitment to deepening the U.S.-Angola commercial relationship.
"From our very first transaction in Angola back in 1942, to our most recent deal ‑ a historic solar energy project that was approved just last month ‑ EXIM has worked for decades to provide financing support to U.S. exporters doing business in Angola," said EXIM President and Chair Reta Jo Lewis. "It was an honor to be in Angola this week to continue highlighting EXIM''s commitment to financing transactions that benefit both our nation''s economies."
On Monday, Chair Lewis met with President of Angola João Lourenço, where she discussed EXIM''s recent $900 million solar energy project transaction and emphasized the agencies desire to continue advancing transactions with tangible benefits for both the U.S. and Angola. In the afternoon, she met with representatives from SunAfrica and Omatapalo, American and Angolan companies both involved in the recently approved solar energy project. Chair Lewis also met with U.S. Ambassador to Angola Tulinabo Mushingi on Monday, where she discussed efforts where they can collaborate to advance commercial diplomacy in Angola, and Minister of Finance Vera Daves and Secretary of State for Energy Antonio Belsa da Costa, where she discussed potential opportunities for U.S. exporters in Angola.
On Tuesday, Chair Lewis held meetings with Minister of State for Economic Coordination Jose de Lima Massano, Minister of Transport Ricardo D''Abreu, Secretary of State for Urban Planning and Housing Manuel Canguezeze, and Minister of Commerce and Industry Rui Miguêns de Oliveira. In the evening, she joined a roundtable hosted by the U.S. Embassy in Angola with Angolan women entrepreneurs to discuss ways EXIM financing can help address challenges faced by female entrepreneurs and potential opportunities for U.S. exporters.
On Wednesday, Chair Lewis met with Minister of Telecommunication and Information Technology Mario Oliveira, Minister of Economy and Planning Mario Augusto Caetano João. During the meeting with Minister João, she discussed avenues to engage the Angolan diaspora community to enhance U.S.-Africa commercial engagement. In the evening, Chair Lewis joined AmCham Angola Chairman Pedro Godinho and business leaders from across Angola for a roundtable discussion on how EXIM financing can be a game changer for Angolan companies looking to do business with American exporters.
On Thursday, Chair Lewis traveled to FILDA, the Luanda International Trade Fair where she gave remarks about the role EXIM can play in supporting transactions that create good paying jobs in the United States, and in Angola. She also toured the trade show floor and spoke with Angolan and American businesses present at the trade show.
The Export-Import Bank of the United States (EXIM) is the nation''s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing includingexport credit insurance,working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated about $9 billion for the U.S. Treasury for repayment of overall U.S. debt. Learn more at
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Paris, July 28, 2022 – As part of the rollout of its multi-energy strategy in Angola, TotalEnergies announces the launch of the Begonia oil field, and Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country, with a capacity of 35 MWp and the possibility of adding 45 MWp in a second phase.
Begonia, the first development on Block 17/06TotalEnergies today announces the final investment decision for Begonia, the first development of block 17/06, located 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and its partners on Block 17/06.
The Begonia development consists of five wells tied back to the Pazflor FPSO (floating production, storage and offloading unit), already in operation on Block 17. After commissioning, expected in late 2024, it will add 30,000 barrels a day to the FPSO''s production.
After CLOV Phase 3, another satellite project that produces 30,000 barrels a day and was launched on Block 17 in June 2022, Begonia is the second TotalEnergies-operated project in Angola to use a standardized subsea production system, saving up to 20% on costs and shortening lead times for equipment delivery.
The project represents an investment of $850 million and 1.3 million man-hours of work, 70% of which will be carried out in Angola.
Quiluma and Maboqueiro, Angola''s first non-associated natural gas projectsTotalEnergies also announces the final investment decision for the "Non Associated Gas 1" (NAG1) project, in which the Company holds an 11.8% interest alongside its partners, Eni (operator with 25.6%), Chevron (31%), Sonangol P&P (19.8%) and bp (11.8%).
NAG1 is the first non-associated natural gas project developed in Angola. Gas produced from the Quiluma and Maboqueiro offshore fields will supply the Angola LNG plant, improving Angola''s LNG production capacity and the availability of domestic gas for the country''s industrial development. Production is scheduled to start in mid-2026.
Quilemba, Angola''s first TotalEnergies solar plantTotalEnergies, alongside the Ministry of Energy and Water as well as its partners Sonangol and Greentech, was also awarded by the Angolan authorities, the concession for the construction of the Quilemba photovoltaic plant, with initial capacity of 35 MWp and the possibility of adding 45 MWp in a second phase.
The plant will be located in the southern city of Lubango and should come on stream at the end of 2023. It will contribute to the decarbonization of Angola''s energy mix and, through a fixed-price Power Purchase Agreement (PPA), deliver significant savings for the Angolan government compared to the fuel used in existing power plants. TotalEnergies holds an 51% interest in Quilemba solar, alongside affiliates of Sonangol EP (30%) and Angola Environment Technology (Greentech, 19%).
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