France to invest €2bn in renewables in Africa

France will invest €2 billion (£1.4bn) in renewable energy in Africa. According to French President François Hollande, the fund is a 50% increase in comparison to the last five years. He made […]

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By Jacqueline Echevarria

France will invest €2 billion (£1.4bn) in renewable energy in Africa.

According to French President François Hollande, the fund is a 50% increase in comparison to the last five years.

He made the announcement at the ‘Climate Challenge, African Solutions’ summit yesterday at the COP21 climate conference in Paris.

Global leaders, including Prince Charles and UK Prime Minister David Cameron, are looking for a deal to tackle climate change.

The investment, which will be made between 2016 and 2020, aims to encourage the use of solar, wind, hydroelectric and geothermal energies.

The selection of the project will depend on the potential of each country.

France and India also launched an international alliance to help tropic countries develop solar projects.

The UK Government launched a campaign to accelerate the delivery of solar systems to households across the African continent.