Masdar has signed agreements with three countries in Africa – Angola, Uganda and Zambia – to develop renewable energy projects with a combined capacity of up to 5GW. The agreements were signed under the umbrella of the Etihad 7 initiative, a UAE-led initiative that aims to raise public- and private-sector funds to invest in the development of Africa's renewable energy sector.
Etihad 7 has the aim of achieving 20 GW capacity to supply 100 million people across the continent with clean electricity by 2035.
The agreements signed under the Etihad 7 umbrella are:
- An agreement with Angola's Ministry of Energy and Water for the development of renewable energy projects with a total capacity of 2 GW.
- An agreement with Uganda's Ministry of Energy and Mineral Development for the development of greenfield renewable projects with a total installed capacity of 1 GW.
- An agreement with Zambia's Ministry of Energy, and Zambian national utility ZESCO Limited for the joint development of develop solar, wind, and hydroelectricity projects with a total capacity of 2 GW.