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Gulf nations keep investing in Africa’s renewable energy, despite Iran war, with over $101.9B pledged by end-2024.
Gulf investors from the UAE, Saudi Arabia, Qatar, Kuwait, and Bahrain are expected to continue funding Africa’s renewable energy sector despite the Iran war, having invested over $101.9 billion by end-2024.
Projects focus on North, Southern, and parts of East Africa, targeting solar, wind, and hybrid power to address the continent’s 600 million people without reliable electricity.
Driven by long-term economic diversification and access to critical minerals, these investments remain resilient amid geopolitical tensions, though challenges like infrastructure gaps and policy uncertainty persist.
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Las naciones del Golfo continúan invirtiendo en la energía renovable de África, a pesar de la guerra con Irán, con más de $ 101.9B prometidos para fines de 2024.