US President Joe Biden has announced 2 billions of dollars in support and investment in Angola

in THE WHITE HOUSE

June, 2022

US President Joe Biden has announced 2 billions of dollars in support and investment in Angola

With support from the U.S. Department of Commerce and the Export-Import Bank of the United States (EXIM), U.S. firm AfricaGlobal Schaffer (Washington, DC), in collaboration with U.S. project developer Sun Africa (Miami, FL), signed a contract with the Government of Angola to develop a $2 billion solar project in four southern Angola provinces. The project will include solar mini-grids, solar cabins with telecommunications capabilities, and home power kits. In addition to supporting up to $1.3 billion in U.S. exports, the project will help Angola meet their climate commitments, including generating 70% carbon-free power by 2025.