The World Bank will soon launch a new program aimed at fast-tracking offshore wind energy in Africa and other developing countries, the Washington-based group said. According to Riccardo Puliti, senior director and head of energy and extractives at the World Bank, the International Finance Corporation (IFC) will join the group in helping emerging markets assess their offshore wind potential, providing technical assistance to develop projects that are ready for investment by renewable energy investors. The bank presents opportunities for countries with strong offshore wind resources such as South Africa, Brazil, and Vietnam, among others. South Africa’s technical potential for fixed and floating offshore wind is 356 gigawatts. South Africa, meanwhile, is now positioning itself to become another leading contributor to the continent’s ongoing inland wind power drive.

Source: The North Africa Journal March 12, 2019 18:00 UTC