Enel and Qatar Investment Authority join forces to develop renewables in Sub-Saharan Africa
1/7/2021
PRESS RELEASE Enel Green Power S.p.A. ("EGP"), signed an agreement with a subsidiary of Qatar Investment Authority (“QIA”) for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa. The parties also signed an agreement whereby QIA will acquire 50% of EGP’s stake in projects in operation and under construction in South Africa and Zambia with approximately 800 MW capacity. Francesco Starace, Enel CEO and General Manager, said: “Through this new partnership, we will combine our Group’s sustainable strategy, enhanced by our industrial expertise in business development, engineering & construction, as well as operation & maintenan