EU pledges €300m to 19 African renewable energy projects

Spencer Ogden our consultant managing the role
Date posted09/Mar/2017
Spencer Ogden our consultant managing the role
The European Commission plans to dedicate €300m towards the development of 19 new renewables energy projects in Africa. 

As part of the Africa Renewable Energy Initiative, the projects are expect to deliver 1.8 GW of renewable energy capacity in Africa.

Commissioner Mimica said: "With these 19 new projects, potentially worth €4.8 billion of investments, the European Union is delivering on its promises. We are turning our pledges into real projects with true impact on the ground. The EU hereby reaffirms its leading role in supporting the African continent in the promotion of renewable energies for the improvement of energy access for African citizens."

The €300 million will helps towards the European Commission's mission to provide 30 million more people access to sustainable energy, and to save 11 million tonnes of carbon dioxide annually.

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