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The EU-Africa Global Gateway Investment Package supports African states in jointly identified projects in commonly agreed priority areas. The Global Gateway projects are focusing on accelerating green and digital transition, creating sustainable growth and jobs, as well as supporting health systems and improving education and training.
Opinions
South African President, Cyril Ramaphosa noted recently that African continent had enormous potential and the necessary resources to “lead a revolution in renewable energy”; therefore, massive efforts in deploring renewable energy facilities would enable many countries to propel their economies along a clean energy development path. He underlined that “if undertaken in a just and inclusive manner” this EU initiative could have a huge impact on the lives of Africa’s people.
The Commission President noted Africa’s clean energy transition has been “picking up speed” and the EU is going to “invest massively” in renewable energy projects in Africa through the Global Gateway program. Besides, the EU is calling on the world to join European efforts in bringing clean and affordable power to Africa.
Reference and citations from: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_5881
Renewables for Africa
At the end of 2023, the world leaders at COP28 in Dubai committed to tripling global renewable energy capacity by the end of this decade to accelerate the transition from fossil fuels to cleaner, more sustainable energy in the African continent.
However, urgent action is needed to meet these targets. Currently, 675 million people, mostly in sub-Saharan Africa, lack access to electricity. With Africa’s population set to double by 2050, providing affordable, sustainable energy is crucial for both the continent’s development and global climate goals.
Africa holds 60% of the world’s best solar resources, offering a significant opportunity for renewable energy; however, the continent attracts only 3% of global energy investment, and faces challenges like high capital costs, limited investment, geographic barriers and supply chain constraints.
More in the joint EU-African program: https://international-partnerships.ec.europa.eu/publications-library/joint-report-european-commission-auda-nepad-implementation-2030-vision_en
Supporting measures: “campaigning in investment”
The program launched this November builds on the EU-Africa Global Gateway and contains €150 billion worth of investments: it is also designed to attract significant investments from the private sector.
The campaign seeks to drive new commitments on policy and finance from governments, financial institutions, private sector and philanthropists, to boost renewable power generation and access in Africa.
The campaign runs for one year and will conclude around the G20 summit in Cape Town, South Africa in November 2025.
The campaign is coordinated with the international advocacy organisation Global Citizen and will rely on the support of the International Energy Agency.
More in: https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/stronger-europe-world/global-gateway/energy-africa_en
Note. The Global Gateway Africa is the European Investment Package which aims to support African states for a strong, inclusive, green and digital recovery and transformation through the following directions: – accelerating green, digital transition, as well as accelerating sustainable growth, decent job creation; – strengthening health systems; and – improving education and training.
An overview of progress made under Global Gateway projects in Africa can be found in the joint EU-AU report launched in October 2024.
More information and milestones of the Global gateway Investment Package in: https://international-partnerships.ec.europa.eu/policies/global-gateway/initiatives-region/initiatives-sub-saharan-africa/eu-africa-global-gateway-investment-package_en