Italian utility Enel is well on track to build 5,000 megawatts worth of renewables capacity in Africa despite political unrest in North Africa and the lack of electric power connections between countries, its chief executive said on Thursday.
Early 2015, Enel laid out plans to invest in African renewables and power grids, with a target of 5,000 megawatts (MW) capacity in solar and wind.
Two years later, Enel - which operates 66,500 MW of capacity mainly in southern Europe - has nearly 1,000 MW of solar and wind under construction in South Africa and 200-300 MW in operation, while an Enel-led consortium is starting to build 850 MW of wind capacity in Morocco after winning a tender in early 2016.
"About 2,000 of those 5,000 megawatts are already in execution. We are working on the other 3,000," Enel chief executive Francesco Starace told Reuters on the sidelines of the New York Times Energy for Tomorrow conference in Paris.