AfrElec: Masdar advances 10-GW Africa energy transition growth plan

UAE-based Masdar is advancing a 10-GW growth plan across six Sub-Saharan African nations. The announcements were made during COP28, in Dubai in the UAE.

These agreements support the development of clean energy portfolios across several markets in Africa, helping to unlock that potential and deliver improved levels of energy security to their populations.

According to Masdar, Abu Dhabi Sustainability Week and McKinsey & Company, Africa has a theoretical potential clean energy capacity of 850 terawatts in solar and wind alone and could capture as much as 10% of the global green hydrogen market.

Mohamed Jameel Al Ramahi, CEO of Masdar, said: "Masdar's growth plans will help unlock Africa's clean energy potential and further advance its energy transition. This follows Masdar's landmark commitment to mobilise $10bn in finance and 10 GW of capacity for clean energy in Africa by the year 2030. As the largest pure-play renewable energy company on the continent, we are proud of our long-term partnerships.”

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