An Abu Dhabi company has partnered with a pan-African infrastructure investment platform to develop clean energy projects across the continent. The initiative encompasses public, private, and development capital from UAE institutions – Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, and AMEA Power. Global clean energy investment to outstrip fossil fuel spend in 2023Funding breakdown for clean energy projects:The Abu Dhabi Fund for Development will provide $1bn of financial assistance. It will look to mobilise an additional $8bn in project finance targeted to deliver 10GW of clean energy capacity in Africa by 2030. Scaling clean energy investment into emerging and developing economiesAl Jaber said: “We need the public and private sectors to work together to deliver clean energy access across Africa – a key mission and objective of Africa50.
