SDG 7 Initiative to bring more green energy to Africa
THE UN Economic Commission for Africa and investment firm PIMCO
– in association with Africa50, the Development Bank of Southern Africa and Nigeria Sovereign Investment Fund – recently announced the SDG 7 Initiative, a program designed to bring more clean energy to Africa.
The project is named for its link to the seventh Sustainable Development Goal for clean and affordable energy. It has already begun scoping out clean energy investment opportunities in several countries, including Senegal, Morocco and South Africa.
The overall objective of the initiative is to add an extra 10,000 MW to Africa’s electricity in the form of clean energy by 2025 – this includes solar, wind, hydro and geothermal energy.