Swedish Export Credit Corporation financing solar power in Angola
Hitachi ABB Power Grids and several other Swedish companies are supplying equipment to solar farms in Angola, which wants to increase the share of sustainable energy in the country. The Swedish Export Credit Corporation (SEK) is financing the transaction, which is guaranteed by the Swedish Export Credit Agency (EKN) and arranged by ING Bank, with an export credit of EUR 560 million.At present, Angola is largely dependent on fossil fuels for its electricity generation. As a result, the Angolan Ministry of Energy and Water Resources wants to increase the share of sustainable energy in the