OPEC Fund Commits $120M to Mauritania

Key Figures & Findings: Mauritania has secured a $120 million deal with the OPEC Fund for International Development to fund renewable energy, clean water, food security, transport, and clean cooking solutions from 2025 to 2027. A major portion of the funding will go toward expanding renewable energy infrastructure, aligning with Mauritania’s push toward a low-carbon economy. OPEC Fund President Abdulhamid Alkhalifa emphasized the fund’s role in mobilizing investments and enabling public-private partnerships (PPPs) to drive economic growth.

Statistics & Insights: In addition to the main financing, the OPEC Fund is providing $500,000 in grants for capacity-building, technical assistance, and project preparation to ensure long-term sustainability.

Future Implications: If executed effectively, this funding could help in boost Mauritania’s energy resilience, improve infrastructure, and attract further private investment.

Source: Solar Quarter