Masdar advances 10GW Africa growth plan to unlock energy transition in six Sub-Saharan nations

Masdar advances 10GW Africa growth plan to unlock energy transition in six Sub-Saharan nations

Marks advancement of Masdar 10 gigawatt (GW) growth plan to unlock Africa clean energy potential

Cairo, Egypt and Abu Dhabi, UAE: Abu Dhabi Future Energy Company PJSC – Masdar advances 10GW growth plan across six Sub-Saharan nations, marking accelerated expansion for the UAE’s clean energy leader, in support of the renewable energy transition across the continent.

The announcements were made during the United Nations Climate Change Summit taking place in the UAE, supporting the Africa Green Industrialization initiative at COP28, for an inclusive and sustainable energy transition across the continent.

Access to a reliable and quality energy supply is vital to the economic development of any country. Around 600 million people in Sub-Saharan Africa live without access to electricity, according to a 2020 World Bank report, with hundreds of millions more having only limited or unreliable electricity – despite the region’s substantial renewable energy potential.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar’s growth plans will help unlock Africa’s clean energy potential and further advance its energy transition. This follows Masdar’s landmark commitment to mobilize US$10 billion in finance and 10GW of capacity for clean energy in Africa by the year 2030. As the largest pure-play renewable energy company on the