World Bank invests in Africa’s renewables sector

Multinational

BRUSSELS, February 2, 2023 – The World Bank has agreed to spend USD 311 million on a regional renewables project in West and Central Africa, Reuters announced on Wednesday.

The combined developments in Sierra Leone, Liberia, Togo and Chad will together provide 106 MW of solar power and expand hydroelectric capacity by 41 MW while enhancing distribution and transmission systems.

The project is expected to be completed in four years.

“It is a continental approach to make sure that we reach universal access to clean affordable energy by 2030,” said Boutheina Guermazi, director for regional integration of World Bank.

According to the news source, West and Central Africa have some of the lowest levels of electrification on the continent.

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