
AFDB allocates N766.7bn to Nigeria’s electricity sector
Battery storage is central to unlocking the full potential of our renewable energy resources and delivering stable, reliable power across the continent.
Battery storage is central to unlocking the full potential of our renewable energy resources and delivering stable, reliable power across the continent.
With the strategy’s implementation, 128 million people gained access to better healthcare, 121 million benefited from improved transportation, and 104 million were food secured.
The $20 million cash in Evolution Fund III is a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across the continent over a 10-year period and is expected to contribute to an additional 2,162 megawatt (Mw) of installed renewable power generation capacity.
Adesina also talked about plans for $20 billion of investments in solar and clean energy that would provide the region’s 250 million people with 10,000 MW of electricity. African Development Bank (AfDB) President, Akinwumi Adesina on Tuesday, unveiled ambitious plans to scrap coal power stations across the continent and switch to renewable energy at United…