Friday, November 22African Digital Business Magazine

Tag: Renewable

Africa to receive significant funding for the development of decentralized energy
Energy

Africa to receive significant funding for the development of decentralized energy

The majority of Africans lack access to modern conveniences like electricity. Thankfully, the "The We  Give Light" foundation plans to donate 1 billion euros to the development of decentralized energy in Africa in order to provide the continent with renewable, decentralized, climate-friendly energy. These distributed energy systems are scheduled for development between 2023 and 2026. The money will go toward installing renewable energy systems that provide power to over hundreds of thousands of people and prevent the release of tons of carbon dioxide annually. The focus will be on renewable energy sources like solar, wind, and neutrinovoltaics. An advisory board will weigh the options and make recommendations. Due to the continent's massive population, distributed power generation and dist...