Announced
Financials
Sources
Tags
Qatar
Renewable Energy Equipment
renewable projects development
Pending
Cross Border
Private
Private Equity
Joint Venture
Single Bidder
Majority
Friendly
Synopsis
Enel’s renewable arm Enel Green Energy and Qatar Investment Authority agreed to form a joint venture to build and operate renewable plants in Sub-Saharan Africa. Financial terms were not disclosed. "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 & maintenance of renewable plants, with QIA’s long term investment strategy, in line with the two companies’ sustainability and decarbonization targets. We will work together to accelerate the creation of an extensive green energy footprint in Sub-Saharan Africa, contributing to the continued pursuit of its ambitious goals in this sector by further harnessing the region's immense renewable potential and contributing to a more sustainable economic development model in this part of the world," Francesco Starace, Enel CEO and General Manager.
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