Green hydrogen could create up to 3.7 million jobs, add USD 120 billion to the continent’s GDP.
Masdar and Infinity are set to create a 10-gigawatt onshore wind project in Egypt. The project will be one of the largest windfarms in the world.
Masdar, Abu Dhabi’s sovereign investment company’s green energy producer, and Egypt’s Infinity Energy are set to buy a majority stake in South Africa’s Lekela Power. The deal would involve buying private equity firm Actis’ stake, in a deal valued near USD 1 billion.
The Kingdom of Morocco is aiming to increase its renewable energy output to 12 gigawatts by 2030, according to government sources. The announcement was made at the World Utilities Congress in Abu Dhabi.