Enel, Qatar Investment Authority JV to Develop Renewables in Subordinated-Saharan Africa
January 07 2021 - 10:10AM
Dow Jones News
By Giulia Petroni
Enel SpA said Thursday that its renewable arm Enel Green Power
and a subsidiary of the Qatar Investment Authority have signed a
joint-venture partnership to develop renewable projects in
Sub-Saharan Africa.
The Rome-based energy company said the deal includes the
acquisition by the Qatari authority of 50% of Enel Green Power's
stake in four projects under construction in South Africa, as well
as two plants operating in South Africa and Zambia, for a total
capacity of around 800 megawatts.
The overall transaction, whose financial terms weren't
disclosed, is subject to the clearance of regulatory authorities
and relevant institutions.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 07, 2021 09:55 ET (14:55 GMT)
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