Global renewables giant Enel will link with the sovereign wealth fund of Qatar to build “an extensive green energy footprint” in Sub-Saharan Africa, in what should be a big boost to regional wind and solar development.
Enel Green Power – the Italian group’s renewables arm – and a subsidiary of Qatar Investment Authority agreed to form a joint venture to finance, build and operate projects in the region, starting with QIA acquiring a 50% stake in 800MW of mostly wind-based Enel projects in South Africa and Zambia.
