EU Boosts African Clean Energy with €545 Million Investment
European Commission President Ursula von der Leyen has announced a significant funding boost for clean energy projects in Africa. The European Union is investing 545 million euros ($636 million) to improve access to electricity across the continent, where an estimated 600 million people currently lack power.
The funding will support nine African countries in modernising their power grids and increasing access to renewable energy. Cameroon will receive 59.1 million euros ($69 million) for rural electrification, while Somalia will get 45.5 million euros ($53 million) for renewable energy access. Other beneficiaries include Mozambique, Republic of Congo, Ghana, Madagascar, and Lesotho, each with specific projects tailored to their needs.
The EU is also investing in a project to connect power grids in Central Africa. This ambitious initiative aims to tackle Africa's substantial energy deficit, with the International Energy Agency estimating that the continent requires over $200 billion annually to meet its energy and climate objectives by 2030.
The European Union's investment in Africa's clean energy transition is a significant step towards bridging the continent's power gap. By modernising grids and promoting renewable energy, the EU is supporting African countries in their efforts to meet their energy and climate objectives, while also fostering cooperation and development.
