“In Angola, the African Development Bank supports the Renewable Energy Sector” , 17-Feb-2023

  • In Angola, the African Development Bank supports the renewable energy sector through the #Angola Renewable Energy Program (AREP). Implemented between 2019 and 2022, AREP has helped to establish a viable and sustainable procurement framework that stimulates investments by Independent Power Producers in the Angolan #renewableenergy sector, particularly in solar energy and #hydropower.
  • The Sustainable Energy Fund for Africa (SEFA), a multi-donor Special Fund managed by the bank, provided the program with a $1 million grant.
  • By the end of 2021, Angola had increased its national electrification rate (from 33% in 2017 to 43% in 2021) and raised the renewable component of the energy mix from 59% in 2017 to 64% in 2021.
  • The Angolan government plans to install 100 megawatt hours of solar capacity by 2025, including 30 megawatt hours off-grid.

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