Forex News
Team Europe backs 50 GW, grid and hydrogen projects
Team Europe backs 50 gigawatts of investment and plans to reach 100 million people with electricity access by 2030.
- Team Europe has 50 gigawatts of investment.
- It aims to reach 100 million people with electricity access by 2030.
- Brazil, Ethiopia, Vietnam, Burundi and Zambia, Tanzania and Kenya are named in project updates.
Projects
Brazil is scaling up renewable hydrogen projects. Ethiopia is expanding windpower. Vietnam is building the Bác Ái pumped-storage hydropower project.
Burundi is extending the grid into neighbourhoods of Bujumbura. Zambia, Tanzania and Kenya are building an interconnector.
Other figures
Europe has more than a hundred community energy projects. The last eleven years were the eleven hottest since records began, and the summer in Prague was the second hottest since records began in 1775.
The Global Gateway Business Advisory Group gives business a structured place at the table.
Urban population in Africa is forecast to reach 1.4 billion by 2050.