(Agence Ecofin) – Hundreds of millions of people live without electricity in Africa, due, among other things, to the lack of investment in the energy sector.
The Shell Foundation (SF), a UK-registered charity, has signed a Memorandum of Understanding with British International Investment (BII) to support just and inclusive energy transition in sub-Saharan Africa and South Asia.
The two institutions have indicated that they will strive to make available up to $245 million in financing by 2026 for private sector projects that support investment in sustainable and clean energy solutions in sub-Saharan Africa and in South Asia.
These investments will help remove the financial barriers that exist for start-up and mid-stage companies in sectors aligned with distributed renewable energy, e-mobility and agri-tech, among others.
« Over the next decade, millions of people in emerging markets might make a living for the first time using clean energy. The partnership with BII is a great opportunity for us to enable this by providing capital at different levels of risk appetite and at different stages of growth.said Jonathan Berman, CEO of the Shell Foundation.
It is indeed essential to release more financing to achieve the energy objectives, particularly in sub-Saharan Africa, where more than 80% of the people who do not have access to electricity are found throughout the world.
Abdullah Diop
Read also:
|
30/03/2023 – From 2000 to 2020, West Africa captured 7% of renewable energy investments in Africa |
