UAE announces $4.5 billion in Africa clean energy investments - GulfToday

UAE announces $4.5 billion in Africa clean energy investments

  • 05 Sep 2023
Dr-Sultan-Ahmed-Al-Jaber

Sultan Al Jaber

The United Arab Emirates announced on Tuesday $4.5 billion in clean energy investments in Africa during a landmark climate summit hosted by Kenya and aimed at attracting funding for efforts to combat global warming.

"We will deploy $4.5 billion... to jumpstart a pipeline of bankable clean energy projects in this very important continent," said Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar, the UAE's national oil company ADNOC and the COP28 climate talks to be held in Dubai later this year.

Agence France-Presse

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