The Qatar Investment Authority (QIA) has signed an agreement with Italy’s Enel Green Power (EGP) to acquire 50% of its stake in renewables projects in South Africa and Zambia. The deal, announced on 7 January, covers projects in operation and under construction with combined capacity of approximately 800MW.
QIA is the 11th largest sovereign wealth fund according to the SWF Institute, with around $300bn of assets under management. Its investments are underpinned by Qatar’s enormous LNG-derived wealth, but over the past year QIA has expressed a desire to make its portfolio greener (MEES, 24 January 2020). (CONTINUED - 177 WORDS)
