Caraculo Photovoltaic plant development

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Solenova JV has completed the front-end activities for Phase 1 of Caraculo photovoltaic plant construction in Angola with the expected start in 2022. This was announced recently at a meeting between Angolan President Joao Lourenco and Eni’s CEO Claudio Descalzi. The project is being carried out by a 50:50 joint venture between the Italian oil company Eni and the national oil company Sonangol (Solenova).

The construction of the Caraculo photovoltaic plant is located in the province of Namibe in the southwest of the country and is known more for its drought than for its wealth of oil resources. According to Eni, phase 1 of the project will be followed by a further phase in which the solar power plant will have a total capacity of 50 MWp. “Implementing the first phase, which will generate 25 MWp, will reduce diesel consumption by an estimated 13,500 cubic meters per year and reduce power generation costs and greenhouse gas emissions by approximately 20,000 tons of carbon dioxide per year,” the company said.

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Investing in less polluting energy sources

With the Caraculo Photovoltaic project, Eni is reaffirming its new strategy of investing in more environmentally friendly energy sources, mainly solar photovoltaic projects. The company expects to carry out such projects in countries with oil production, such as Algeria in North Africa and Ghana in West Africa.

In Angola, Eni is already supporting rural development in the Namibe province. It is a strategic investment that could allow the Italian company to win new oil concessions in the waters of the Namibe Basin. The construction of a solar power plant in Namibe Province will also support the Angolan government’s plan to move away from “all oil”.