9,312.13 TRY BIST 100 BIST 100
38.30 USD USD USD
5.28 CNY CNY CNY
43.56 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
99.70 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

Germany invests in Africa to develop green energy projects

Germany commits €4 billion to invest €3 billion in green energy projects in 13 African countries by 2030, aiming to enhance investments and ensure sustainable energy access.

Germany invests in Africa to develop green energy projects

Germany has pledged €4 billion ($4.35 billion) to develop green energy projects in Africa until 2030. German Chancellor Olaf Scholz described Africa as "the partner of our choice" during a press conference in Berlin. The initiative, initiated under the German G20 presidency, aims to improve investments in partnering African countries.

So far, 13 African countries are part of the initiative, including Morocco, Egypt, Senegal, Guinea, Ivory Coast, Ghana, Togo, Rwanda, and the Democratic Republic of Congo. Scholz called for more private investments and closer cooperation in the energy sector, particularly hydrogen, to realize Africa's enormous economic potential.

Germany's goal is not only to facilitate exports but also to ensure access to sustainable and affordable energy for all Africans. Germany will rely on imports to meet 50-70% of its hydrogen demand in 2030. It recently released a draft plan for developing a €19.8 billion core hydrogen network across Germany, enabling both imports into the country and further domestic distribution to end-users.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

France seeks safeguards against imported Chinese steel

Friday, April 25, 2025

Sustainable transformation in the steel industry: Gemini Corporation's vision and actions

Friday, April 25, 2025

Leaders of the Steel World Meet at Steel Summit 2025

Friday, April 25, 2025

UAE scrap and steel market seeks balance as saudi rebar prices hold steady

Friday, April 25, 2025

Tuğba Çimenci: EU's Steel Plan creates both pressure and opportunity for the Turkish industry

Friday, April 25, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now