Released December 12, 2023 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Masdar, headquartered in Abu Dhabi, is set to accelerate the deployment of 10 gigawatts (GW) worth of renewable energy projects by 2030 across six Sub-Saharan nations--Angola, Uganda, the Republic of Congo, Kenya, Mozambique and Zambia.
The declarations were unveiled at the United Nations Climate Change Summit (COP28) hosted in the United Arab Emirates (UAE). These announcements are aimed at supporting the newly initiated Africa Green Industrialization Initiative, which seeks to bolster the growth of eco-friendly industries in the region.
Masdar has committed to mobilizing a total of US$10 billion in investments.
Research conducted by Masdar, in collaboration with Abu Dhabi Sustainability Week and McKinsey & Company, underscores Africa's theoretical potential clean energy capacity of 850 terawatts from solar and wind sources alone. Additionally, Africa could potentially capture up to 10% of the global green hydrogen market.
Industrial Info is tracking more than 2,000 capital-spending renewable energy projects in Africa, worth about US$375 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list of project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The declarations were unveiled at the United Nations Climate Change Summit (COP28) hosted in the United Arab Emirates (UAE). These announcements are aimed at supporting the newly initiated Africa Green Industrialization Initiative, which seeks to bolster the growth of eco-friendly industries in the region.
Masdar has committed to mobilizing a total of US$10 billion in investments.
Research conducted by Masdar, in collaboration with Abu Dhabi Sustainability Week and McKinsey & Company, underscores Africa's theoretical potential clean energy capacity of 850 terawatts from solar and wind sources alone. Additionally, Africa could potentially capture up to 10% of the global green hydrogen market.
Industrial Info is tracking more than 2,000 capital-spending renewable energy projects in Africa, worth about US$375 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for a full list of project reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
