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Africa: investment in renewable energy $3.6 billion and growing

Investment in Africa’s renewable energy hits $3.6b The Nation, By Franca Ochigbo, Abuja 22 Dec 11  Over $3.6 billion has been invested  in renewable energy in Africa, including Nigeria, with Egypt and Kenya taking centre stage. The  Bank of Industry (BoI) in partnership with the United Nations Development Programme (UNDP) has unveiled plans to boost Nigeria’s investment portfolio in renewable energy through private sector participation.

The Managing Director, Bank of Industry, Ms Evelyn Oputu who was represented by Mr Austin Jo-Madugu, General Manager, Operations, disclosed this during the First Renewable Energy Investment Forum in Abuja. She said renewable energy has a large potential for growth given the large gap between energy demand and supply and the enormous renewable energy options available to the country……
http://www.thenationonlineng.net/2011/index.php/business/30662-investment-in-africa%E2%80%99s-renewable-energy-hits-$3.6b.html

December 22, 2011 - Posted by Christina Macpherson | AFRICA, renewable