The Global Energy Alliance for People and Planet (GEAPP) has committed $16 million towards accelerating energy access and clean energy deployment in Africa, Ecofin Agency reported, citing GEAPP officials.
The organization said the funds will bolster Mission 300, a joint initiative led by the World Bank and the African Development Bank to provide electricity to 300 million Africans by 2030.
GEAPP added that it plans to invest $7.5 billion over the next five years to expand clean energy solutions across the continent.
The contribution forms part of a broader collective effort.
Created in 2021 by the IKEA Foundation, the Rockefeller Foundation, and the Bezos Earth Fund, GEAPP operates in more than 30 countries.
It combines philanthropic and public financing to leverage development banks and private investors.
The alliance said such contributions aim to provide coherence and visibility to global efforts, demonstrating that modest funding can deliver significant impact when aligned with large-scale strategies.
Despite growing mobilization, Africa’s energy needs remain vast.
The International Energy Agency estimated in 2024 that developing countries outside China must multiply clean energy investments sixfold to reach $1.6 trillion annually by the early 2030s in order to meet climate commitments.
In this context, contributions like GEAPP’s are critical, particularly when integrated into collective initiatives that pool resources and align objectives.
The trajectory of Africa’s electricity access will depend, in part, on the convergence of such efforts.
Source: https://energynewsafrica.com
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