Masdar, EDF SA to explore power opportunities in sub-Saharan Africa
Abu Dhabi Future Energy Company, Masdar, has signed a Memorandum of Understanding (MoU) to collaborate with France-based utility firm EDF SA, the parent company of the EDF Group, on the power sectors of countries in sub-Saharan Africa
Abu Dhabi Future Energy Company, Masdar, has signed a Memorandum of Understanding (MoU) to collaborate with France-based utility firm EDF SA, the parent company of the EDF Group, on the power sectors of countries in sub-Saharan Africa.
The agreement was signed by Bader Al Lamki, Masdar’s executive director for Clean Energy, and Valerie Levkov, senior vice president, Africa and Middle East, EDF SA. A
The partnership will explore development opportunities within the framework of both companies’ existing off-grid investments in sub-Saharan Africa.
It will also evaluate new projects and models for off-grid energy solutions in that region.
According to the World Bank, approximately 600 million people live without a reliable energy source in sub-Saharan Africa.
Through this agreement, Masdar and EDF SA hope to expand their portfolio in Africa while promoting local socio-economic development, WAM reported.
Al Lamki said: "Masdar is committed to achieving commercially viable, sustainable access to energy. We look forward to collaborating with EDF SA to unlock opportunities to address the acute need for modern energy services in sub-Saharan Africa, particularly in rural communities."
Masdar’s current sub-Saharan developments include the 15MW Sheikh Zayed Solar Power Plant and eight rural solar energy projects with a capacity of 16.6MW in Mauritania. The company’s off-grid portfolio also includes solar, wind, solar-powered water treatment projects, battery storage and geothermal projects in the Caribbean and the Pacific Islands.
Levkov added: "Our in-depth knowledge of the region is key to offering the most adapted energy solutions. EDF is convinced that the cooperation with Masdar will enhance the development of essential energy projects for sub-Saharan Africa, combining electrification and low-carbon growth."
The EDF group has been present in Africa for over 50 years.