Monday, November 11, 2024

Renewable energy to constitute 50 percent of global energy

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Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Experts at the ongoing World Economic Forum are predicting that nearly half the world’s energy will be generated from wind and solar by 2050.

The experts are discussing how technology will contribute to making this a reality in the coming years.

This year’s global elite forum at Davos in Switzerland is being attended by 3,000 participants.

It will feature some 350 sessions, centered are around issues such as improving global co-operation, embracing the digital revolution and tackling climate change.

US President Donald Trump and other world leaders, including UK Prime Minister Theresa May and Emmanuel Macron of France have cancelled trips to Davos in the face of domestic difficulties.

In Africa the African Development Bank has been supporting some countries to scale up their renewable energy capacities.

Last year Kenya secured $18.17 million facility from the African Development Bank for its renewable energy sector.

The facility is expected to be channeled into 40 MWac Kopere Solar Power Project owned by Voltalia.

Africafeeds.com understands that the project will generate around 106 GWh per year. It will effectively supply electricity to approximately 600,000 people through the grid.

Ivory Coast has also received a €50 million African Development Bank financing loan. It has the intention of increasing its share of renewable energy from 15% to 42% by 2021.

 

 

 

Source: Africafeeds.com

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