Shoals Technologies Group, UGT Renewables and Sun Africa Announce Collaboration on up to 12GW of Solar Projects

Core Viewpoint - Shoals Technologies Group, Inc. has signed a Memorandum of Understanding (MOU) with UGT Renewables to collaborate on up to 12 gigawatts (GW) of solar projects, aiming to enhance energy transition efforts in emerging markets [1][2]. Group 1: Collaboration Details - The collaboration focuses on innovative electrical balance of system (EBOS) solutions to support sustainable development in emerging markets [1][2]. - UGT Renewables has a pipeline of 12 GW of solar projects, and the partnership aims to deliver efficient EBOS solutions that require less skilled labor, thus facilitating low-cost electrification [2][3]. Group 2: Project Impact - The initial projects in Angola, with a combined capacity of 600 megawatts (MW), are expected to electrify 60% of the Angolan population and provide clean water to over 1.1 million people [3]. - These projects are financed by the EXIM Bank in the United States and are set to break ground in 2025 [3]. Group 3: Company Background - Shoals Technologies Group is recognized as a leader in the renewable energy industry, providing innovative EBOS solutions that enhance installation efficiency and system performance [4]. - UGT Renewables and its sister company, Sun Africa, are major players in international renewable energy generation and energy storage, with extensive projects under development globally [5].