The African Development Bank has entered into a significant cooperation agreement with the Green Climate Fund and the Africa50 Investment Fund. The aim is to develop 10GW of solar energy projects in the Sahel region.
This agreement was inked during the African Development Bank’s annual meeting in Busan, South Korea. The three entities are set to pool their ideas and resources to boost solar power generation across West and Central North Africa, spanning from Senegal to Sudan.
The African Development Bank’s desert electricity program has an ambitious goal: to supply solar power to 250 million people, with 90 million of them getting off – grid installations. The bank’s president emphasized that the “Desert Power” plan is crucial for alleviating the electricity shortage in the Sahel region. By leveraging solar energy to speed up access to electricity, and through this partnership with the Green Climate Fund and Africa50, they hope to achieve large – scale development.
Countries like Burkina Faso, Djibouti, Ethiopia, Eritrea, Mali, Mauritania, Niger, Nigeria, Chad, Senegal, and Sudan are among those set to benefit from this initiative. This project holds great promise for transforming the energy landscape in the region and improving the lives of millions.
