EU Commits Millions for Africa’s Shift to Clean Energy

(MENAFN) The European Union has committed close to €545 million (approximately $638 million) to promote renewable energy initiatives throughout Africa.

The goal is to enhance electricity availability, reinforce interlinked power networks, and speed up the continent’s movement toward sustainable energy sources.

This financial commitment was revealed by European Commission President Ursula von der Leyen in a video address during the Global Citizen Festival, which coincided with the UN General Assembly.

According to a statement released on Saturday by the European Commission, the investment highlights Europe’s support for Africa’s energy future.

“The choices Africa makes today are shaping the future of the entire world. A clean energy transition on the continent will create jobs, stability, growth, and the delivery of our global climate goals,” von der Leyen emphasized.

The announcement pointed out that although Africa possesses immense potential for renewable energy development, almost 600 million individuals still live without access to electricity.

Advancing the continent’s clean energy transition is seen as vital to its socioeconomic progress, regional security, and environmental commitments.

The funding will be allocated to renewable energy projects in several countries, including the Ivory Coast, Cameroon, the Republic of Congo, Lesotho, Ghana, the Central African Republic, Madagascar, Mozambique, and Somalia.

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