IEA (2006), Angola: Towards an Energy Strategy, IEA, Paris https://, Licence: CC BY 4.0 Contact online >>
IEA (2006), Angola: Towards an Energy Strategy, IEA, Paris https://, Licence: CC BY 4.0
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The Africa Renewable Energy Fund II (AREF II) invests in renewable energy projects across Sub Saharan Africa excluding South Africa, with a focus on hydro, solar, battery energy storage systems (BESS) and wind technologies. AREF II held first close in June 2021 and is targeted for final close in December 2022.
The Vuka hydro projects are located along the Cuango River in the province of Lunda Norte in Angola. Three sites have been initially identified and are under development. The project sites are estimated to possess a potential capacity in excess of 200MW. The project is under development with a pre-feasibility study being concluded for presentation […]
Southern Africa''s second-largest oil and gas producer, Angola aims to be an energy superpower with an array of renewables including solar, wind and hydropower. International giants like TotalEnergies and ExxonMobil have been in Angola for decades, welcoming Angola''s stable government with streamlined regulatory and tax policies. Along with the national producer Somoil, they are also developing renewable energies and cutting the carbon footprint of their petroleum production.
The International Energy Agency says Angola is set to become the largest crude oil producer in Southern Africa, with a foundation for renewable energy, through investments and supportive measures.
TotalEnergies is the largest oil and gas producer in Angola, where the government is encouraging more investment to expand that production.
TotalEnergies has been working in the country for nearly seven decades. Olivier Jouny, the company''s Director General in Angola says a flexible policy approach on taxation and regulation in recent years has paid off.
"We have invested a lot. We now have a leading position in Angola, we represent 45 percent of the country''s production."
"This is one of our largest subsidiaries since we have six installations, six oil platforms, six large vessels that produce in water depths between 1,500 and 2,000 meters," Jouny added.
ExxonMobil has been another major player in Angola, for more than a quarter of a century.
We have the biggest deepwater operation within the entire corporation." says Melissa Bond, General Manager, Exxon-Mobil Angola, adding: "It''s very important to have stability, fiscal stability, legal stability, regulatory stability. And Angola has been able to demonstrate that through the time that we''ve been here."
Exxon''s training programmes have also paid off, including in offshore operations called FPSOs - Floating Production, Storage and Offloading.
"We were sending our Angolans for technical training overseas and we''re very proud that because of that investment and the time that we have spent. Currently, 92 percent of our workforce is Angolan," explains Bond.
Like elsewhere in the world, the energy sector in Angola is also evolving to include more renewables and to reduce its carbon footprint. Angola''s largest oil company Somoil, now 20 years old, is redefining itself.
"There''s clearly a shift to renewables. One is solar, solar exposure. Angola has one of the best in Africa. And the second one is hydroelectric power. Plenty of rivers in Angola," says Somoil CEO, Edson dos Santos.
Total''s Olivier Jouny also says the firm is aiming at a range of renewable power sources in Angola.
"Here in Angola, we see in particular a very strong potential for solar power. We currently have a solar project in the town of Lubango, in Huila province, in the south of Angola. We would like to decide soon on a 35-megawatt solar power plant."
In addition, Total says it is working on eliminating gas flaring and switching to renewables in its operations.
It''s a policy the Angolan government is also pushing, says Paulino Jerónimo chairman of the Board of the National Agency for Petroleum, Gas, and Biofuels (ANPG), saying, "Our goal is to reach zero burn very soon."
Factors that will be necessary to create a future-proof energy industry in Angola.
"Solar exposure is tremendous. So hydroelectric power, another opportunity. So our geographical location also helps. Angola has all the ingredients to become truly an energy superpower in Africa," said Somoil CEO, Edson dos Santos.
The Angolan Ministry of Finance has secured €1.29 billion ($1.44 billion) from Standard Chartered to finance the construction of 48 hybrid PV systems across the provinces of Moxico, Lunda Norte, Lunda Sul, Bie, and Malanje. The new solar infrastructure will provide sustainable electricity to 1 million people.
Image: Hevel Solar
Angola''s Ministry of Finance has secured €1.29 billion from Standard Chartered to finance the construction of 48 hybrid PV systems across the Angolan provinces of Moxico, Lunda Norte, Lunda Sul, Bie, and Malanje.
The minigrid systems have a combined capacity of 296 MW of solar, with energy storage in lithium-ion batteries of 719 MWh. The project will be implemented over a period of 36 months.
MCA will manage and build the project. The financing of €1.29 billion is supported by German Export Credit Agency Euler Hermes.
"Depending on the level of consumption for the 48 sites we estimate an LCOE ranging between €0.153/KWh to €0.275/KWh for all the systems,” a spokesperson from MCA told pv magazine. “This considers not only the PV Generation but also the storage capacity for all 48 sites. As far as the cost for consumers per KWh is concerned, Angolan tariff regulation mandatorily applies. Depending on the type of consumer, a given price per kWh will be charged there are subsidies to electricity prices in Angola.”
In early June, the Export-Import Bank of the United States awarded a loan to Angola''s Ministry of Energy and Water to deploy two large-scale solar power plants, totaling 500 MW.
According to the latest statistics from the International Renewable Energy Agency (IRENA), Angola had 297 MW of installed PV capacity at the end of 2022. By 2025, the African nation aims to reach an access rate of 65% and a total installed capacity of approximately 10 GW. However, its current installed capacity is only 5.6 GW, with just 4.5 GW actually available.
More articles from Cosmas Mwirigi
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