Enel: Will spend 160 billion euros in the future to develop renewable energy
On January 8, Enel, the largest Italian utility company, and the Qatar Investment Authority stated that the two companies had signed an agreement to develop Kit Solar Power System renewable energy projects in sub-Saharan Africa.
According to the agreement, Qatar's sovereign wealth fund will first purchase Enel's half of the existing 800 MW of renewable energy power generation in South Africa and Zambia.
Enel CEO Francesco Starace said: "We will work together to accelerate the establishment of a broad green energy footprint in sub-Saharan Africa."
Enel Green Power will develop new projects in the area, while funding and construction will be left to the joint venture.
QIA is one of the largest sovereign wealth funds in the world. It has stopped investing in fossil fuel companies and is paying more and more attention to the development of green technology.
QIA CEO Mansoor bin Ebrahim Al-Mahmoud said: “We believe that this investment provides an excellent opportunity for the development and development of a leading renewable energy platform in the region.”
Enel is one of the world's largest clean energy groups. The company said in November that it will spend 160 billion euros in the next 10 years to make the company a green "super giant" and achieve carbon-free emissions by 2050.
Under the "management" business model, it expects to attract 30 billion euros of investment from parties outside the group.
-
10kw Home Solar System-Trinidad and TobagoAre you tired of constantly worrying about rising electricity bills ? Look no further! Our solar power systems are the perfect solution for you. Just ask our satisfied customer from Trinidad and Tobago, who recently purc
Do you like ?0
Read more -
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricity
Do you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procu
Do you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cus
Do you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's fun
Do you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26
Do you like ?0
Read more