The International Renewable Energy Agency (IRENA) and the RES4Africa Foundation have agreed to cooperate to increase the speed of renewable energy development in Africa in the pursuit of the continent’s sustainable development and climate goals.
The ‘Letter of Intent’ will see the two parties work together to explore public-private initiatives, knowledge creation opportunities, capacity building programmes and strategic dialogues to accelerate renewable energy deployment in Africa.
The RES4Africa Foundation works to address the water-energy-food nexus and promote the adoption of renewable energy in Africa.
IRENA estimates the continent could meet nearly a quarter of its energy needs from indigenous and clean renewable energy by 2030, but to realise this potential a step-up in renewable energy action is necessary.
“To achieve the sustainable development goals and tackle climate change we must grow the share of global energy supplied by renewables to 50% by mid-century,” said Francesco La Camera, Director-General of IRENA during the signing event.
“That requires a significant scale-up of renewable energy deployment. Stronger partnerships can accelerate the energy transformation lifting millions of people in rural villages across Africa out of energy poverty and delivering socioeconomic outcomes,” La Camera added.
Growing engagement in Africa
IRENA’s engagement with Africa on renewables dates back to the Agency’s formation nearly a decade ago. A key component of IRENA’s engagement and its effort to promote regional market integration in Africa, has been through the development of the Clean Energy Corridors.
IRENA’s work informed the objectives of the African Renewable Energy Initiative, which now targets to develop 300GW of renewable energy capacity across the continent by 2030.
IRENA analysis suggests a transformation of Africa’s energy sector with renewables by 2030, would result in carbon-dioxide emission reductions of up to 310 megatonnes per annum and create millions of jobs across the continent.