Eni's Angolan JV takes FID, inks EPC for 50-MWp solar project

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

The joint venture (JV) between Italian oil and gas major Eni SpA (BIT:ENI) and its Angolan state-controlled peer Sonangol has taken the final investment decision (FID) and signed the EPC contract to build the first half of a 50-MWp solar plant project in the southwestern African nation.

Their Solenova Ltd JV will install the 25-MWp first phase of the Caraculo photovoltaic (PV) project in Angola’s Namibe province.

Eni said on Monday it expects to start-up the solar farm in the fourth quarter of 2022.

The EPC contractor was not named in Eni's press release.

Once in operation, the Caraculo solar will enable the local community reduce diesel consumption and cut emissions, the Italian company said.

Eni and Sonangol formed Solenova in 2019 with the goal to develop renewable energy projects in Angola. The phased development and implementation of the 50-MWp Caraculo is their first project in the country.

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