Historically, Angola has been heavily dependent on oil, with oil export revenues in 2012 accounting for a staggering 97% of the government’s total export revenue. Angola’s recent shift toward renewable resources is a bold, future-driven vision, marking a major turning point in the nation’s economic trajectory.
The funds will be used to set up 48 hybrid photovoltaic generation systems with energy storage that will serve as “mini grids” and operate autonomously to provide renewable electricity for communities not connected to the national grid, a statement said last week. The planned solar facilities are expected to serve about 203,000 households.
The goals show the country’s electrification rate increase from 43% in 2022 to 53% in 2030 and 72% by 2050. In terms of renewable energies (including hydroelectric), the percentage of energy supply that, since 2022, is around 56% will increase to 70%, by 2030, and 94%, in 2050.
RASME is a set of real-time digital data-gathering tools and processes that allow the Bank, its clients, and development partners to better prepare projects and progress reports and evaluate impact transparently and openly.
Given rising energy demand and low electrification rates at present, grid-connected, off-grid and hybrid systems represent key investment opportunities within Angola’s power sector. In July 2022, the Solar Home Systems (SHS) market in Angola is still in its infancy, with sales in the range of 3,000 systems recorded to date.
With a current electrification rate of 10% in rural areas, the Government of Angola has instituted an ambitious plan to establish incentives and implement a program for the productive use of renewable energies to address rural and agricultural demand.
Despite being one of Africa’s largest oil producers, the country has shown a strong institutional will to boost the development of its renewable energy sector. Nevertheless, in the country, there is no track record of private participation in electricity, and no local IPPs are currently operating.
As part of the rollout of its multi-energy strategy in Angola, TotalEnergies announced 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.
The Project Implementation Unit at the Republic of Angola’s Ministry of Agriculture and Fisheries invites bids from eligible potential suppliers for the supply and installation of 140 80KVAs solar panels, 90 gel batteries and accessories for Lucira Fishing Center.