Istanbul (Monitoring Desk):
The European Union has announced a €545 million (approximately $638 million) funding package to support renewable energy projects across Africa. The initiative aims to enhance access to electricity, strengthen regional power grids, and accelerate the continent’s transition to green energy.
European Commission President Ursula von der Leyen unveiled the package via a video message at the Global Citizen Festival, stating that the decisions Africa is making today will shape the future of the entire world. “Africa’s green energy transition will create jobs, promote stability, drive development, and help meet global climate goals,” she emphasized.
According to a statement from the European Commission, Africa holds immense potential for renewable energy, yet nearly 600 million people on the continent still lack access to electricity. This funding is expected to play a vital role in promoting sustainable development, regional stability, and environmental progress.
The financial support will be directed toward energy projects in several African countries, including Ivory Coast, Cameroon, the Democratic Republic of the Congo, Lesotho, Ghana, the Central African Republic, Madagascar, Mozambique, and Somalia.
The initiative underscores the EU’s commitment to global climate action and sustainable energy access, particularly in regions most affected by energy poverty and climate vulnerability.
