The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

US and European Union partnership on African green energy includes energy storage, off-grid focus

LinkedIn
Twitter
Reddit
Facebook
Email

The US and the European Union have made a fresh pledge to support green energy in Africa, which includes energy storage and off-grid power systems in its remit.

Announced on Friday, the collaboration seeks to support the growth of sustainable energy in Sub-Saharan Africa. Its aim is to contribute to building the “strategic autonomy of our African partners,” European Commission (EC) Commissioner for International Partnerships Jutta Urpilainen said.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

As such, that includes fostering a just and equitable energy transition for the region, reducing energy poverty, and enabling access to affordable and reliable energy delivered through modern technologies.

Almost two-thirds of people in Sub-Saharan Africa currently don’t have access to electricity at all, and the Memorandum of Understanding (MoU) signed by Urpilainen and USAID Administrator Samantha Powell highlights how this limits access to opportunities in healthcare, education, the economy, and quality of life improvement for about 600 million people.

The US and EU will work together at regional and national level to address that situation, from areas like knowledge sharing, developing flagship projects, empowering women in the power sector, and opening policy dialogue and working on regulatory reform to unlock capital and investment, including from institutional investors.

In terms of technologies, they will focus on small-scale and off-grid power generation from renewable energy sources, which includes electrification of schools and health facilities, businesses led by women and by young people, and rural households.

They will also focus on energy storage, energy efficiency and transmission system development.

The pair’s partnership continues on from work started up from the US side during the Obama presidency in 2015, under the Power Africa initiative, which leverages public-private partnerships.

From the EU side, it falls under the EU-Africa Green Energy Initiative, part of the Union’s Global Gateway programme which aims to mobilise up to €300 billion (US$292.5 billion) investment in supporting energy, digital and transport sector development around the world.

Read the ‘US-EU Memorandum of Understanding between the European Union and the United States of America for a Just and Green Energy Transition and Sustainable Development of the Energy Sector in Sub-Saharan Africa,’ hosted on the EU website, here.

22 May 2024
London, UK
At the time of writing, Europe had had its most successful year in terms of Power Purchase Agreements (PPAs) with a record 7.8GW of renewable energy contracts signed. As we gather in May 2024 for the third edition of the Renewable Energy Revenues Summit, the energy landscape continues to evolve rapidly, influenced by the beating drum of climate change, volatility around power prices and the need to decarbonise power procurement as well as generation.
22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
18 March 2025
Austin, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2025!

Read Next

Premium
May 17, 2024
We hear from renewables independent power producer (IPP) and energy trading firm Monsson about a recent BESS project in Romania which reportedly used nearly 100% European technologies.
May 15, 2024
Renewable energy developer and operator Apex Clean Energy has completed a US$150 million financing with First Citizens Bank for two ERCOT, Texas battery energy storage system (BESS) projects.
May 14, 2024
The Biden Administration will more than triple the tariffs paid on batteries and battery parts imported from China, from 7.5% today to 25%, in a huge move for the industry announced today.
May 13, 2024
The US Department of Energy (DOE) has issued Requests for Information (RFIs) on safety training for energy storage systems, and how to tackle manufacturing design challenges.
May 9, 2024
Power management tech company Eaton and developer/IPP Endurant Energy are deploying 150MWh of BESS across 10 projects in New York City.

Most Popular

Email Newsletter