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Tuesday, 26 April 2011

Africa is betting on green energy

More than 30 African countries came together in Paris on 21 April 2011 to attend the start of the “Paris-Nairobi Initiative for clean energy in Africa”. It aims to develop more renewable energy in poor countries. Africa, which suffers from an energy deficit, is now turning towards green energy. “We have to give Africa modern, reliable and clean energy; it’s the key for development. We have to reassure the donors and attract suitable financing by proving that it is possible to use funds for high-quality projects,” declared French environment minister Nathalie Kosciusko-Morizet. In the global south, more than two millions of human beings still don’t have access to electricity. Turning to renewable energy can therefore reduce this energy deficit that prevents African countries from developing. According to many experts, African growth will surge by two or three percent if the energy gap can be closed. The “Paris-Nairobi Initiative for clean energy in Africa” will allow the global south to obtain funds to finance projects all over the continent. From north to south, from west to east, a lot of countries are now betting on renewable energy. The country at the forefront is South Africa with has multiplied its projects in this area. It plans to invest 90 billion dollars over the next 20 years. While South Africa needs to reduce its dependency on coal, it wants to double its electricity production over the same period. The latest project in the pipeline is a solar park with a capacity of 5000 megawatts (MW).

Source: RFI