Italy-based Eni has entered an agreement with the United Nations Development Programme (UNDP) to increase renewable energy in Africa through the development of business ventures targeting solar power, including floating solar, wind farms and off-grid hybrid solutions. The UNDP is investing US$100 million over five years for projects that will help African countries develop their own clean technologies while also helping them access international financing from multilateral agencies such as the World Bank Meanwhile, solar is forecast to represent 9% of new power capacity in Africa over the next two years, according to the London-based African Energy consultancy.
Italy-based Eni has entered an agreement with the United Nations Development Programme (UNDP) to increase renewable energy in Africa through the development of business ventures targeting solar power, including floating solar, wind farms and off-grid hybrid solutions. Eni's expansion in Africa follows similar moves by EDF, Engie, Enel and Total. Meanwhile, solar is forecast to represent 9% of new power capacity in Africa over the next two years, according to the London-based African Energy consultancy.