Europe Pledges €300 Million For 19 African Renewable Energy Projects

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

The European Commission has pledged €300 million in an effort to leverage further investments amounting to €4.8 billion for the development of 19 new renewable energy projects in Africa, as part of its role in the Africa Renewable Energy Initiative.

Announced this week in Conakry, Guinea, the EU Commissioner for International Cooperation and Development, Neven Mimica, announced the preparation of 19 new renewable energy projects in Africa which would require a total investment of €4.8 billion. The European Commission will contribute €300 million ($316 million) in an effort to leverage the remaining necessary investments, which in turn would see 1.8 gigawatts (GW) of new renewable energy capacity added in Africa.

“With these 19 new projects, potentially worth €4.8 billion of investments, the European Union is delivering on its promises,” said Neven Mimica. “We are turning our pledges into real projects with true impact on the ground. The EU hereby reaffirms its leading role in supporting the African continent in the promotion of renewable energies for the improvement of energy access for African citizens.”

The European Union is actually significantly invested in supporting the development of new renewable energy in Africa. As part of the European Commission’s aims for 2020, it intends to provide access to sustainable energy to 30 million people, save 11 million tonnes of carbon dioxide annually, and help generate an additional 5 GW of new renewable energy across Africa. When this is put in terms of the overall aims of the Africa Renewable Energy Initiative’s own aims, the European Commission accounts for half of the overall target (10 GW of new capacity by 2020).

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica.TV Video

CleanTechnica uses affiliate links. See our policy here.

Joshua S Hill

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.

Joshua S Hill has 4403 posts and counting. See all posts by Joshua S Hill