France, Germany to fund renewables in Africa

2015-12-01 16:00
The Sishen solar plant plugs 74MW of renewable electricity capacity into SA’s power grid

The Sishen solar plant plugs 74MW of renewable electricity capacity into SA’s power grid (Debbie Yazbeck)

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2015-10-27 13:22

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Paris - France will commit €2bn towards boosting renewable energy in Africa before 2020, President Francois Hollande said on Tuesday.

Hollande made the announcement after meeting with the heads of state from 12 African countries gathered at an international climate summit near Paris for negotiations on a global agreement to limit man-made emissions that cause climate change.

The amount committed by France is twice as much as the country contributed over the past five years, the Elysee Palace said in a statement.

The German Economic Co-operation and Development Ministry also said it will contribute €3bn to the project before 2020.

"Out of the 10-gigawatt capacity that Africa aims for, we will be able to finance 2 gigawatts," German development representative Ingrid Hoven said. "That means modern, clean energy for 25 million people."

Germany has said it will double its climate aid for developing countries to €4bn per year.

Read more on:    germany  |  france  |  cop21  |  renewable energy

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