NewEnergyNews: The UK’s £100MIL Africa New Energy Buy

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    Friday, December 28, 2018

    The UK’s £100MIL Africa New Energy Buy

    £100 million for renewable energy projects in Africa to provide electricity to 2.4 million people a year; Developers of small-scale solar, wind, hydro and geothermal projects will be supported to harness each country’s natural resources.

    11 December 2018 (Gov.UK)

    “…Hundreds of thousands of people in sub-Saharan Africa will get access to electricity for the first time thanks to an extra £100 million of funding from the UK government…The new investment triples funds for the Renewable Energy Performance Platform (REPP), to support up to 40 more renewable energy projects over the next 5 years. The new funding could unlock an extra £156 million of private finance into renewable energy markets in Africa by 2023…Developers of small-scale solar, wind, hydro and geothermal projects will be supported to harness each country’s natural resources, and the electricity generated is expected to provide 2.4 million people a year with new or improved access to clean energy.

    Power produced from new projects funded is expected to save around 3 million tonnes of carbon over their lifetime, compared with fossil fuel generation – the equivalent to the emissions from burning 21,000 railway cars of coal or from 800,000 cars in a year… The new investment is in addition to £48 million previously committed to the REPP…[which] is already supporting 18 renewable energy projects in a range of countries from Tanzania to Burundi…featuring solar, wind, biomass, hydro and geothermal technologies…” click here for more

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