Tanzania Limited has plans to expand its investment into renewables with a strategic focus on solar energy and bio-energies, an initiative that could boost the country’s energy pool necessary for economic growth.
The giant oil firm is also the lead sponsor of the construction of 1,445km crude oil pipeline from Hoima District in Uganda to the port of Tanga in Tanzania, the longest of its kind in the world expected to cost $3.5 billion.
By 2035, the share of solar and other renewables in the global energy mix is expected to increase to 20 per cent from just nine per cent now.
Total is a major shareholder with controlling power in SunPower, which is one of the world largest solar renewable energy companies in the world.
Full article: Daily News