IFC and Gaia Push Renewables in Africa

IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.

Gaia Energy is a Moroccan renewable energy developer active in 10 countries across Africa. The new joint platform will start with a pipeline of 22 projects in nine countries in North, West and East Africa, representing a pipeline under development of more than 3 gigawatts. Originally developed by Gaia Energy, this pipeline will be progressively enlarged to new countries across the continent. “IFC’s expertise in financial structuring and mobilization as well as its environmental and social safeguards ideally complements Gaia’s tailor-made approach to develop... ... More: Official Press Release IFC

Keywords:

IFC, Gaia, Africa, renewable energy, finances, joint platform, wind energy, developer, jobs, electricity