Wednesday, 19 January 2022

#UAE to fund renewable energy projects in Africa

UAE to fund renewable energy projects in Africa

The UAE is leading a programme to finance renewable energy projects in Africa to help countries on the continent meet their green energy needs and hasten their economic development.

The "Etihad 7" programme will secure funding for green initiatives on the continent as it seeks to provide clean power to 100 million people by 2035, the UAE Media Office said in a tweet on Tuesday.

"Our two regions are inextricably linked, with enormous potential for further co-operation in the years to come," Sheikh Shakhboot bin Nahyan, Minister of State in the Ministry of Foreign Affairs and International Co-operation, said in a statement on the ministry's website.

"One of the keys to unlocking that potential, supercharging Africa’s economies and allowing millions of people to contribute to building a prosperous continent is electricity, specifically, renewable energy."

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