In international news, France stated that it is willing to give African nations 2 billion euros ($2.11 billion) over the next four years which will aid the development of renewable energies in Africa and lower greenhouse gas emissions.
Additionally, Germany committed to mobilising 3 billion euros (3.17 billion) until the year 2020, reports Deutsche Welle (DW), Germany’s international broadcaster.
These pledges were made during the 2015 United Nations Climate Change Conference that is currently underway in Paris.
Renewable energies to generate ten GW of power
Renewable energies are meant to be generating ten GW of electricity by 2020, and then increase to 300GW by 2030.
Alex Rugamba from the African Development Bank stated that “You’re looking at solar projects, wind, hydro-power and geothermal. These are the types of projects that will benefit from this initiative, spread all over the continent.”
A climate activist from Kenya with the NGO ‘Christian Aid’, Mohamed Adow noted that delivering 300GW of energy will not only double the amount of energy that is going to be produced in the next few years, but it will actually be coming from clean energy sources.
Rugamba gave an indication of how the funds would be distributed across the entire continent, which will be allocated according to the type of energy that is most readily available.
“East Africa has probably the biggest geothermal resources in the Rift Valley, starting from Djibouti, Ethiopia, Kenya, Uganda, down to Tanzania.”
“In Kenya, Egypt and West Africa, we have sources of wind power. Practically the whole continent can make use of solar energy. And hydro-power projects would be mainly in Zambia, Ethiopia, Guinea, and the Democratic Republic of Congo,” he explained.
Renewable energies are expensive
However, the director general of the German ministry of economic cooperation and development, Ingrid-Gabriela Hoven, stated that developing nations have a point in highlighting that renewable energies are far more expensive compared to traditional technologies.
Hoven said “Exploring the geothermal potential in East Africa, for example, is quite expensive. So one approach might be to finance exploration projects and then let the countries decide for themselves whether they want to open them up to private companies for actual use.”