The United States government has facilitated a new partnership between two American firms and the government of Angola to invest $2 billion in building new solar projects in Angola, President Joseph R. Biden Jr. announced Sunday at the G7 summit in Germany.
Biden highlighted the solar energy project in Angola launched by U.S. companies Sun Africa and AfricaGlobal Schaffer with the support of the US Department of Commerce and Export-Import Bank.
“Fast and reliable transportation infrastructure, including railroads and ports, is essential to moving inputs for refining and processing and expanding access to clean energy technologies. For example, the U.S. government just facilitated a new partnership between two American firms and the government of Angola to invest $2 billion in building new solar projects in Angola,” Biden said in remarks. “It’s a partnership that will help Angola meet its climate goals and energy needs while creating new markets for American technologies and good jobs in Angola and, I suspect, throughout Africa.”
G7 leaders on Sunday formally launched the Partnership for Global Infrastructure and Investment (PGII) with the objective of delivering “game-changing projects to close the infrastructure gap in developing countries, strengthen the global economy and supply chains, and advance U.S. national security.”
The Embassy of Angola in the US on Monday highlighted President Biden’s announcement in a tweet, saying that the project will “help ready [Angola’s] economy for 21st century growth.”
President Biden’s Angola announcement is the latest in a bilateral relationship that has deepened considerably since President João Lourenço’s election in 2017.
Since then, the Angolan President has initiated a series of ambitious programs on economic reform and modernization, anti-corruption and regional peace and security. For further information, please respond to this email message.