EU Funds Africa’s Energy Transition

Key Figures & Findings: The European Union (EU) has committed EUR 150 billion (approximately $159 billion) to support renewable energy across Sub-Saharan Africa as part of its Global Gateway initiative. During the Renewable Energy Conference in Kampala, Jan Sadek, EU Ambassador to Uganda, highlighted the ambitious aim to mobilize EUR 300 billion globally by 2027, with half of that total specifically allocated for African energy projects. This fund aims to foster renewable power deployment, bringing sustainable energy to at least 100 million people in Africa by 2030, with the EU taking a leadership role in expanding energy access across rural regions.

Statistics & Insights: Out of the EUR 150 billion earmarked for Africa, EUR 3.4 billion will directly support renewable energy infrastructure and efficiency projects. Uganda’s current electricity access rate stands at 57% nationwide but drops to 38% in rural areas, illustrating a need for increased investment to match Kenya’s 70% access rate.

Future Implications: By 2030, the EU’s support could substantially increase energy access in Sub-Saharan Africa, promoting both energy independence and environmental sustainability. Uganda’s Vision 2040, which aligns closely with the EU’s climate goals, is expected to benefit from the Global Gateway funds, driving the nation toward a cleaner, more resilient energy future.

Source: Nile Post