At COP28, Masdar commits $2 billion in equity by 2030 for the Africa Green Investment Finance Initiative, targeting $10 billion investments to deliver 10GW clean energy across six Sub-Saharan nations. The announcements include 150 MW solar projects each in Angola and Uganda, a 500MW initiative in the Republic of Congo, geothermal collaboration in Kenya, a potential 1GW in Mozambique, and a mining decarbonization partnership in Zambia.
Masdar powers Africa’s future with $10 billion clean energy investment
Masdar’s Mauritania Rural Electrification Program
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)