Global Infrastructure SherpaMasdar and Africa50 Partner to Accelerate 10 GW Clean Energy Projects Across Africa by 2030
10000 MW
Capacity
Masdar and Africa50 have formed a partnership to identify, fast-track, and scale clean energy projects across Africa. Masdar has committed to unlocking 10 GW of clean energy projects by 2030 and will contribute US$2 billion of equity as part of a broader UAE finance initiative, with Africa50 expected to join as a strategic partner. This collaboration aims to bridge the infrastructure funding gap and mobilize public and private finance to accelerate the clean energy transition on the continent.
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Counterparts (2)
Partner
Africa50
Africa50 is an infrastructure investment platform that focuses on developing and investing in infrastructure projects across Africa. It aims to mobilize public and private sector capital to accelerate infrastructure development on the continent.
Masdar
Masdar is a clean energy pioneer positioning the UAE at the forefront of the worldwide energy transition. They deploy renewable energy projects and realize low-carbon urban development, supporting over 40 countries in their energy transition.
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Masdar, the UAE's clean energy pioneer, is committing US$2 billion in equity to unlock 10 GW of clean energy projects across Africa by 2030. This significant capital injection is part of a broader UAE finance initiative, with Africa50, the continent's infrastructure investment platform, expected to join as a strategic partner. Their collaboration aims to fast-track project identification and scaling, directly addressing Africa's persistent infrastructure funding gap by mobilizing public and private finance for the clean energy transition.
- Masdar's US$2 billion equity commitment for African projects.
- Ambitious 10 GW clean energy target by 2030.
- Africa50 joins as a strategic partner to fast-track development.
- Aims to mobilize broader public and private finance.
Timeline
Announced
Sep 7, 2023
Signed
Closed
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