In line with priorities, the African Development Bank (ADB) will support the development of renewable energy sources in African countries, in particular in the Sahel region. A pan-African financial institution has just signed a letter of intent on new cooperation with Morocco's Sustainable Energy Agency (Masen, Morocco's Renewable Energy Agency). According to a statement issued on Wednesday, 7 November, this partnership was signed on the first day of the African Investment Forum (AIF) in Johannesburg, South Africa, with the Desert to Power program.
"The purpose of this partnership is to support African countries, in particular those in the Sahel region aimed at Desert to Power, in developing renewable energy technologies that are best suited to their natural conditions and the specific energy needs"Note in the release.
"The aim is to combine Masen's experience in the development of renewable energy projects and the experience of the ADB in this sector, in particular with regard to the exchange of knowledge, skills and experience. technical assistance, development of renewable energy projects and mobilization of the necessary resourcesThis notice is attached.
Morocco as an example
This new partnership is good for Morocco. While the leaders aim at increasing the share of renewable energy in energy by at least 52% by 2030, the country has signed partnerships with African countries in the field of renewable energy, of which 5 relate to the "Desert to energy" field, which is an example in this area in Africa . "Morocco is an example of renewable energySaid Akinwumi Adesina, President of the AfDB. "When I visited the Noor Ouarzazate complex, in which the Bank invested a lot, I am fascinated by the fact that it was done with Moroccan abilities. This is proof that Africa can accomplish great things that are internationalAdded by Adesina. He acknowledged that his body asks Morocco to supplement it with the Desert to Power initiative, which develops in Sahel. " It is a strategic partnership that combines management and technical expertise. Together, we will accelerate Africa's energyExplained by Akinwumi Adésina.
"Summarizing the experience that Masen has developed and creating a dynamic, competitive renewable energy source on the African continent, efforts should be made to make renewable energy a genuine leverage for inclusive growth. This partnership with the African Development Bank has some advantages in achieving this goalCommented Mustafa Bakkoury, President of Masen.