$46m for renewable projects in Africa

Loans worth $46 million (£31.2m) have been announced for four renewable projects in Africa. The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development are providing the […]

Register now!

By Jacqueline Echevarria

Loans worth $46 million (£31.2m) have been announced for four renewable projects in Africa.

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development are providing the cash for the projects which will have a total capacity of 12MW.

They include a wind and a solar project in Antigua and Barbuda and Cabo Verde and solar developments in Burkina Faso and Senegal.

The projects are expected to save around 18,640 tonnes of CO2 per year as well as create jobs and electrify rural communities without access to energy services.

IRENA Director-General Adnan Z. Amin said: “Accelerating the energy transition to renewables requires all countries to take action to develop their own local renewable energy sources. While renewable energy resources are abundant in many developing countries, adequate finance can still be a barrier to deployment.”