The disparity between energy access in the Global North and South is glaringly evident, with Africa exemplifying this imbalance. In 2022, 600 million Africans lacked access to electricity, with a staggering 98% of this number living in Sub-Saharan Africa1. Although Africa comprises 18% of the global population, it consumes less than 6% of the world’s energy, much of which is diverted to export-driven oil and gas production.
To address the continent’s urgent need for clean and secure energy, Africa requires substantial investments to drive economic growth and ensure sustainability. UAE-based renewable energy company Masdar is stepping in to help bridge this investment gap through a range of initiatives and investments. The goal is to empower African nations to unlock their full potential, secure a reliable energy supply, and improve millions of lives in an environmentally sustainable way.
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