Friday
January 8
2021

Enel Teams up With Qatar Wealth Fund on Africa Green Energy Projects

Italy’s biggest utility Enel has signed a deal with the Qatar Investment Authority to develop renewable energy projects in Sub-Saharan Africa, the two groups said.

Under the deal, the Qatar sovereign wealth fund will, as a first step, buy half of Enel’s stake in 800 megawatts of its existing renewable capacity in South Africa and Zambia.

No financial details were disclosed.

Photo courtesy of andreas160578.

Source: ETEnergyWorld (link opens in a new window)

Categories
Energy
Tags
emerging markets, energy, impact investing, renewable energy, sustainability