Energy giant, Masdar, has revealed plans to invest in Nigeria as part of its Africa-wide penetration that seeks to boost renewable energy by 20, 000 megawatts in the next 12 years. Masdar had signed three agreements under the umbrella of Etihad 7, a UAE-led initiative that aims to raise public- and private-sector funds to invest in the development of Africa’s renewable energy sector and power about 100 million people across the continent by 2035.
Energy giant, Masdar, has revealed plans to invest in Nigeria as part of its Africa-wide penetration that seeks to boost renewable energy by 20, 000 megawatts in the next 12 years.Energy giant, Masdar, has revealed plans to invest in Nigeria as part of its Africa-wide penetration that seeks to boost renewable energy by 20, 000 megawatts in the next 12 years.
Masdar and McKinsey & Company on the sidelines of COP27, had in a report titled “Africa’s Green Energy Revolution: Hydrogen’s role in unlocking Africa’s untapped renewables”, said Africa could capture as much as 10 per cent of the global green hydrogen market. Muharrami said Masdar had earlier this year, signed a deal with Angola’s Ministry of Energy and Water for the development of renewable energy projects with a total capacity of 2,000 megawatts, another 1,000MW with Uganda’s Ministry of Energy and Mineral Development for the development of greenfield renewable projects and an agreement with Zambia’s Ministry of Energy, and Zambian national utility ZESCO Limited for the joint development of solar, wind, and hydroelectricity projects with a total...
He said four solar PV plants were delivered in Egypt’s Red Sea Governorate with a total capacity of 14 MW — Marsa Alam , Shalateen , Abu Ramad , and Halayeb .
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