The United Nations Climate Change Summit (COP28) taking place in the UAE saw several announcements made for financing and agreements to develop climate-smart renewable energy projects across Africa. These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to its population while encouraging industrialisation. This falls under Phase I of the 2GW renewable energy collaboration between the governments of the UAE and the Republic of Angola – the first renewable energy project under the strategic G2G collaboration between the two countries. Meanwhile, MW Energy, Africa50 and the Ministry of Energy & Hydraulics of the Republic of Congo signed a Memorandum of Understanding (MoU) to develop 500MW of renewable energy capacity in the country. The summit also saw Zambian energy utility ZESCO agree with Masdar to collaborate in the Zambian market through the decarbonisation of mining operations in the country by supplying green electricity from renewable energy projects to power IRH mines.

Source: The North Africa Journal December 08, 2023 13:48 UTC