July 17 (Renewables Now) - The International Renewable Energy Agency (IRENA) and Rome-based organisation RES4Africa Foundation signed on Monday a letter of intent that outlines a plan to expedite the development of renewable energy projects in Africa.
The continent has the potential to meet close to a quarter of its energy needs from local clean sources by 2030, IRENA estimates. To support Africa reach its sustainability and climate goals, the two organisations agreed to cooperate on exploring public-private initiatives and knowledge creation opportunities, among other strategies, that will speed up renewable energy deployment.
“Africa’s future prosperity is unthinkable without clean energy access. To overcome the current gap, Africa requires a paradigm shift: from energy as a commodity, to energy as an enabler of services,” RES4Africa president Antonio Cammisecra said at the signing.
According to the press release, more than 620 million people in Africa live without access to electricity.