Africa could experience a major enhancement in its renewable energy generation capacity in the next 10 years, if a new contract with Europe is fully executed. Based on a joint energy agreement reached at the recent 1st High Level meeting of the Africa-EU Energy Partnership (AEEP), the two continents agreed to build 10,000 megawatts (MW) of new hydropower plants in Africa by 2020.
Additionally, about 5,000 MW of wind energy and 500 MW of all forms of solar power capacity is anticipated to be commissioned soon. The signing of the energy contract between Africa and the EU is expected to see more CDM projects being exploited in the continent.
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