Shoals has signed an MoU with UGT Renewables for 12 GW of solar projects
First projects in Angola will supply power to 60% of the population and clean water to 1.1 million people
This partnership expands Shoals’ global footprint with innovative EBOS solutions
Global leader in electrical balance of system (EBOS) solutions for the energy transition market, Shoals Technologies Group, Inc., announced that it has signed a Memorandum of Understanding (MoU) with UGT Renewables to collaborate on up to 12 GW of solar projects from UGT’s development pipeline. UGT is a US-based international renewable energy generation and energy storage developer.
The partnership is set to deploy Shoals’ cutting-edge EBOS technologies in emerging markets, aiming to accelerate the global energy transition and drive sustainable development.
Speaking about the partnership, Adam Cortese, CEO of UGT Renewables and Sun Africa, said, “We are always seeking best-in-class providers for our projects in order to deliver world-class American-led energy installations. We have a history with Shoals and are pleased to memorialize our intent to collaborate with Shoals regarding our existing 12 GW of solar projects in the pipeline.”
UGT Renewables works closely with emerging markets and developing economies that are looking to diversify their energy mix. In Angola’s Southern Provinces, Shoals and UGT’s sister company, Sun Africa, are collaborating on 2 landmark projects totaling 600 MW of solar PV, with deployment scheduled to begin later this year.
Welcoming the partnership, Shoals CEO Brandon Moss said, “This collaboration with UGT Renewables and Sun Africa strengthens our position within international markets. We are looking forward to working together on these current projects and the opportunity to collaborate on future potential projects by supporting the deployment of our high-quality and innovative solutions.”
Financed by the US Export-Import Bank (EXIM Bank), these initial projects are expected to break ground in 2025. Once operational, they will help electrify 60% of Angola’s population and provide clean water access to over 1.1 million people.