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UK government to invest £100m in African renewable energy projects

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The UK government has announced today that it intends to support developers of small-scale solar, wind, hydro and geothermal projects across Africa with an investment of £100 million.

The funding will mean that hundreds of thousands of people across sub-Saharan Africa will get access to electricity for the first time as upwards of 40 new renewable energy projects receive support.
40 small-scale renewable energy projects across Africa are expected to benefit from £100m from the UK government.
Announced at COP24, the United Nations Climate Change Conference, by Energy and Clean Growth Minister Claire Perry, the £100 million of funding will go to the Renewable Energy Performance Platform (REPP) which will oversee the division of funding to the individual projects across Africa. It is hoped that the new funding could unlock an extra £156 million of private finance into renewable energy markets in Africa by 2023.

It’s small-scale developers of solar, wind, hydro and geothermal projects who are being targeted for support and it is hoped that their efforts will enable more than 2.4 million people a year to access clean energy for the first time. Power produced from the 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.

“At home we’re world leaders in cutting emissions while growing our economy and abroad we’re showing our international leadership by giving countries a helping hand to shift to greener, cleaner economies,” said Energy and Clean Growth Minister Claire Perry, at the climate conference.

“This £100 million will help communities harness the power of their natural resources to provide hundreds of thousands of people with electricity for the first time. Building these clean, reliable sources of energy will also create thousands of quality jobs in these growing green economies,” she concluded.

The funding is part of the UK’s commitment to invest £5.8 billion in international climate finance by 2020 to encourage ambitious action from other governments, the private sector and communities in the global effort to tackle climate change.

At the COP24 conference the UK government also announced:

£15.6 million to help countries vulnerable to climate change have a voice in United Nations Framework Convention on Climate Change negotiations.

£771,000 to help developing countries take part in COP24.

An additional £45 million to the Nationally Appropriate Mitigation Action’s (NAMA) Facility, co-founded by the UK, to help reduce emissions within an economic sector.

An additional £1 million for the Global Innovation Lab, which helps innovative climate finance proposals move more quickly to implementation and attract funding.

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UK government to invest £100m in African renewable energy projects - Time to read 3 min
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