UK announces $126 million of funding for renewable energy in Africa

[Dubious]

• The program currently backs 18 renewable energy projects in countries such as Tanzania, Burundi, Nigeria and Kenya.
• The U.K. has made a commitment to invest £5.8 billion in international climate finance by the year 2020.

Anmar Frangoul
Published 1 Hour AgoCNBC.com

John Greim | LightRocket | Getty Images

The U.K. government has announced £100 million ($126.11 million) of extra funding for renewable energy projects in Africa.

The money will be used to support the Renewable Energy Performance Platform (REPP), which was set up in 2015 and supported by £48 million in initial funding from the U.K.

The REPP's broad goal is to "catalyze the growth" of the renewable energy sector in sub-Saharan Africa by helping developers to "overcome barriers to finance."

The program currently backs 18 renewable energy projects in countries such as Tanzania, Burundi, Nigeria and Kenya. These schemes support everything from solar, wind and biomass to hydro and geothermal.

The U.K. has made a commitment to invest £5.8 billion in international climate finance by the year 2020. The new tranche of funding, announced Tuesday, will assist up to 40 new renewable energy schemes in sub-Saharan Africa over the next five years, the government said.

"This £100 million will help communities harness the power of their natural resources to provide hundreds of thousands of people with electricity for the first time," Claire Perry, the Energy and Clean Growth minister, said in a statement.

"Building these clean, reliable sources of energy will also create thousands of quality jobs in these growing green economies," Perry added.

Anmar FrangoulFreelance Digital Reporter, CNBC.com

https://www.cnbc.com/2018/12/11/uk-...f-funding-for-renewable-energy-in-africa.html

 

[Tshering22]

Let's hope they come with no strings.

Otherwise if Nigeria or Kenya launch a communication satellite tomorrow, UK will be whining about how solar energy funding is going to satellite launching capabilities in "poor country".

 

[Tshering22]

Kindly stop trolling....not everyone is like india or are you implying indians and Africans are very much similar?

I am implying that the British are the same everywhere. They feel that they have a controlled say on others. So they feel taht they will decide the future of how to progress. This more often than not, ends in a political slugfest.

 

[rambro]

Still with their colonist mindset, debt trap

 

[Dubious]

Nope. Their claims against ours.

There is no money transfer from UK's banks to RBI under any international aid programmes.

If that was the case, their politicians would specifically cite the transaction details, which they don't.

They throw a generic statement saying 'oh we give aid to India', just because their "foundations" are located here.

Please provide proof! Since you have already derailed my thread and made it about india ....Provide proof or kindly leave!

Stop wasting my time, dude. if you don't have any work, don't waste other's bandwidth.

Says the one who hijacked a thread about Africa in the Middle east and African section to make it about india!

 

[Sanchez]

What the only thing Indians should be given credits is their knowledge about their old master of the UK.

 

[oprih]

Debt trap.