Wednesday
October 13
2021

Green Climate Fund invests US $150 Million in African Development Bank’s Desert to Power initiative

Desert-to-Power is a flagship renewable energy and economic development initiative led by the African Development Bank whose objective is to light up and power the Sahel region by building an electricity generation capacity of 10 gigawatts through photovoltaic solar systems via public, private, grid and off-grid projects by 2030

The objective of the umbrella Desert to Power G5 Financing Facility is to assist the G5 Sahel countries – Burkina Faso, Chad, Mali, Mauritania, and Niger – to adopt a low emission power generation path by making use of the region’s abundant solar potential.

Photo courtesy of andreas160578.

Source: CEO Business Africa (link opens in a new window)

Categories
Energy
Tags
climate finance, energy access, environment, renewable energy, solar