[ad_1]
UAE renewable energy company Masdar said it has signed an agreement with the Ministry of Mines, Petroleum and Energy of the Republic of Côte d’Ivoire to support the country’s clean energy goals.
Under the agreement, Masdar and the Ivorian Ministry of Energy will explore joint development of solar photovoltaic plants in Côte d’Ivoire, starting with the first 50 to 70 megawatt (MW) plants.
The plant will support the Republic of Côte d’Ivoire’s goal of deriving 42 percent of its energy mix from renewable sources by 2030.
The agreement was signed by Mamadou Sangafowa Coulibaly, Ivorian Minister of Mines, Petroleum and Energy, and Fawaz Al Muharrami, Executive Director of Masdar Clean Energy, in the presence of Ivorian Vice President Tiémoko Meyliet Koné and UAE Minister of State Sheikh Shakhboot bin Nahyan Al Nahyan and Industry and Advanced Technologies Dr. Sultan bin Ahmed Al Jaber, Minister, President-elect of COP28 and Chairman of Masdar.
“Ivory Coast has committed under the climate change agreement to reduce its greenhouse gas emissions by 32 percent by 2030 and increase the share of renewable energy in its energy mix to 45 percent,” Coulibaly said. “Ivory Coast has drawn up a master plan for the development of its production facilities, which includes solar, hydro and biomass. “
“The framework agreement we have just signed with Masdar, and the first 50 to 70 MW project, will help to achieve this ambitious goal, in addition to other initiatives being undertaken by the Ivorian government,” he said .
Chief executive Mohamed Jameel Al Ramahi said: “As part of Masdar’s new shareholding structure launched last December, we aim to deliver 100GW of clean energy globally by 2030.”
“With the massive development and growth in Africa and the current low level of clean energy penetration, we see huge potential in the renewable energy sector across the continent. This agreement will support Côte d’Ivoire’s clean energy goals and help drive this sustainable economic development of the country,” he added.
The agreements were signed within the framework of the Etihad 7 programme, a UAE-led initiative to mobilize public and private sector funds to invest in the development of Africa’s renewable energy sector to achieve a 20 gigawatt (GW) Supply capacity By 2035, 100 million people across the continent will have access to clean electricity.
With the signing of Côte d’Ivoire, five Etihad 7 projects have now been agreed and three more projects have been signed at ADSW 2023.
These include an agreement with the Angola Ministry of Energy and Water for the development of renewable energy projects with a total installed capacity of 2GW; an agreement with the Ugandan Ministry of Energy and Mineral Development for a new greenfield renewable energy project with a total installed capacity of 1GW; and with the Zambian Ministry of Energy Agreement with national utility Zesco to jointly develop solar, wind and hydropower projects with a capacity of 2GW.-TradeArabia News Service
[ad_2]
Source link
