Africa50, IRENA in joint pact to light up Africa

Infrastructure asset management group, Africa50, has joined forces with the International Renewable Energy Agency (IRENA) for renewable energy projects on the continent.

The pact was signed Wednesday on the margins of the OPEC Fund Development Forum in Vienna, Austria, by IRENA director-general, Francesco La Camera and Africa50 chief executive officer Alain Ebobissé.

Under the agreement, the Casablanca-headquartered Africa50 pledged up to U$100 million to fund and co-finance renewables-based energy transition projects and infrastructure across Africa through IRENA’s Energy Transition Accelerator Financing (ETAF) platform, reinforcing efforts towards sustainable development and climate action across the continent.

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