Dubai Investment Fund To Make Wind Energy Project Investments in North Africa

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

Business News News

Business Business Latest News,Business Business Headlines

Most of Africa has not participated in the energy transition to renewable energy yet. With enormous development potential in solar, wind, hydro and geothermal

energy, market analysis has so far been disappointing. According to statistics, less than 2% of all global investments in renewables were made in Africa, and the share of jobs in this area was only about 3% in the region in the previous decade. Some African countries are still about 50% electrified, and about 900 million people do not have access to clean energy sources.

According to our information, DIF is seeking other renewable projects in the region to fund. If this works out, it will not only help to meet the growing demand for clean and renewable energy, but also, in the long run, contribute to the economic growth of the countries in the region. Examination of DIF’s past investments shows that the company focuses on investment in green energy and IT over interests in natural resources and oil. During past years, the company invested in green energy and eco-friendly companies, including SunTech, Northland Power and SolarEdge Technologies. The corporation

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines