{"id":9527,"date":"2020-12-09T11:29:54","date_gmt":"2020-12-09T11:29:54","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9527"},"modified":"2020-12-09T11:29:54","modified_gmt":"2020-12-09T11:29:54","slug":"irena-and-african-development-bank-partner-to-scale-up-renewable-energy-investments-in-africa","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/irena-and-african-development-bank-partner-to-scale-up-renewable-energy-investments-in-africa\/","title":{"rendered":"IRENA and African Development Bank partner to scale up renewable energy investments in Africa"},"content":{"rendered":"

The International Renewable Energy Agency (IRENA) and the\u00a0<\/a>African Development Bank\u00a0have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa\u2019s energy transition.<\/span><\/p>\n

The two entities signed a Declaration of Intent to coordinate on a range of activities, including co-organizing renewable energy investment forums as part of IRENA\u2019s contribution to the\u00a0<\/span>Climate Investment Platform<\/span>, and collaboration on the Bank\u2019s annual flagship Africa Investment Forum event. The partnership will also focus on enhancing the role of renewable energy in African countries\u2019 Nationally Determined Contributions under the Paris Accord and other sustainable development objectives.<\/span><\/p>\n

\u201cDriven by the aspiration to harness Africa\u2019s huge renewable energy potential, the African Development Bank is today at the forefront of investing in renewable energy in Africa. The Bank\u2019s partnership with IRENA will advance this aspiration and support Africa\u2019s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030,\u201d said Kevin Kanina Kariuki, Bank Vice-President for Power, Energy, Climate and Green Growth, who signed on the Bank\u2019s behalf.<\/span><\/p>\n

Francesco La Camera, IRENA Director-General said, \u201cthis agreement represents the type of coordinated international cooperation that is the cornerstone of the realization of sustainable development in Africa and the achievement of Paris Agreement goals. We will pursue an action-oriented agenda that puts African countries on a path to realizing their full renewable energy potential.\u201d<\/span><\/p>\n

Earlier in 2020, IRENA released its Global Renewables Outlook report, which revealed that sub-Saharan Africa could generate as much as 67% of its power from indigenous and clean renewable energy sources by 2030. Such an energy transition, analysis suggests, would boost GDP, improve welfare and stimulate the creation of up to 2 million additional green jobs in the region by 2050.<\/span><\/p>\n

\u00a0\u201cThe African continent has some of the most abundant renewable energy resources in the world and the potential to transform outcomes for millions of people through the accelerated deployment of a renewables-based energy system,\u201d La Camera said. \u201cRenewables will increase energy security, create green jobs, advance energy access, including clean cooking, and help build resilient African economies.\u201d<\/span><\/p>\n

The pact is also expected to pave the way for collaboration on the African Development Bank\u2019s Desert to Power Initiative, which aims to mobilize public and private funding to install 10 GW of solar power by 2025 in 11 countries in Africa\u2019s Sahel region.<\/span><\/p>\n

About the International Renewable Energy Agency (IRENA)<\/span><\/strong><\/p>\n

IRENA is the lead intergovernmental agency for the energy transformation that supports countries in their transition to a sustainable energy future. It serves as the principal platform for international co-operation, a center of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. With 162 Members (161 States and the European Union) and 22 additional countries in the accession process and actively engaged, IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The International Renewable Energy Agency (IRENA) and the\u00a0African Development Bank\u00a0have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa\u2019s energy transition. The two … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11],"tags":[80,8732,4783,5220,6561],"class_list":["post-9527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","tag-african-development-bank","tag-global-renewables-outlook-report","tag-international-renewable-energy-agency","tag-irena","tag-paris-agreement","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/01\/wind-1-scaled.jpg?fit=2560%2C1886&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2tF","jetpack-related-posts":[{"id":9810,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-transformation-in-southern-africa-boosted-by-new-irena-agreement-with-sacreee\/","url_meta":{"origin":9527,"position":0},"title":"Energy Transformation in Southern Africa Boosted by New IRENA Agreement with SACREEE","author":"","date":"February 2, 2021","format":false,"excerpt":"The International Renewable Energy Agency (IRENA) and the Southern African Development Community\u2019s (SADC) Centre for Renewable Energy and Energy Efficiency (SACREEE) signed a Memorandum of Understanding (MoU), to work together on accelerating the deployment renewable energy solutions, including decentralised technologies, in Southern African countries. The two organisations will also cooperate\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/unnamed-3.jpg?fit=600%2C231&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/unnamed-3.jpg?fit=600%2C231&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/unnamed-3.jpg?fit=600%2C231&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10442,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-irena-partner-to-boost-renewables-green-hydrogen-development-tweet\/","url_meta":{"origin":9527,"position":1},"title":"Morocco, IRENA Partner to Boost Renewables & Green Hydrogen Development","author":"","date":"June 15, 2021","format":false,"excerpt":"The International Renewable Energy Agency (IRENA) and the\u00a0Ministry of Energy, Mines and Environment\u00a0(MEME) of the Kingdom of Morocco have today agreed to strengthen joint collaboration to advance knowledge in renewable energy and to accelerate the energy transition. Specifically, IRENA and Morocco will work closely to advance the national green hydrogen\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11610,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-transition-central-to-africas-economic-future-report\/","url_meta":{"origin":9527,"position":2},"title":"Energy Transition Central to Africa’s Economic Future – Report","author":"","date":"January 14, 2022","format":false,"excerpt":"An integrated policy framework built around the energy transition could bring a wave of new sustainable energy investment to Africa, growing the region's economy by 6.4 per cent by 2050, results of an analysis published today by the International Renewable Energy Agency (IRENA) in collaboration with the African Development Bank\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/EGYPT-WIND-FARM-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/EGYPT-WIND-FARM-scaled.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/EGYPT-WIND-FARM-scaled.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/EGYPT-WIND-FARM-scaled.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/EGYPT-WIND-FARM-scaled.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5386,"url":"https:\/\/www.oilnewskenya.com\/index.php\/irenaadfd-open-fifth-round-of-funding-for-renewable-energy-projects\/","url_meta":{"origin":9527,"position":3},"title":"IRENA\/ADFD Open Fifth Round of Funding for Renewable Energy Projects","author":"","date":"November 14, 2016","format":false,"excerpt":"USD 50 million available for scalable, replicable and transformative renewable energy projects in developing countries The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially opened the fifth round of funding for renewable energy projects in developing countries. 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