- The partnership between clean energy leader Masdar and Africa50 aims to accelerate clean energy transition in Africa, bridging the infrastructure funding gap and mobilizing both public and private finance.
- As part of the UAE finance initiative, Masdar has committed US$2 billion to this initiative, supporting sustainable development in Africa's clean energy sector.
Mobilizing resources for sustainable development has become more pertinent than ever asclimate change becomes an indisputable reality. Africa, with its immense renewable energy potential, yet untappened, has found a benefactor in the UAE's clean energy leader, Masdar. Teaming up with the pan-African infrastructure investment platform Africa50, Masdar is poised to inject an infusion of clean energy innovation and finance to catapult the continent into a greener future.
The collaboration comes in the form of a memorandum of understanding (MoU) signed at the Africa Climate Summit, with Masdar committing a whopping US$2 billion towards clean energy projects in Africa. This falls under the umbrella of the UAE finance initiative and forms a significant part of global efforts towards sustainable development in the clean energy sector.
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