Could artificial intelligence be the answer to saving the planet? Jeff Bezos, the multi-billionaire founder of Amazon, wants to find the answer with this latest initiative.
A $27m guarantee facility aims to boost renewable energy in Southern Africa and unlock up to $270m of private capital investment into independent power projects.
The grants have a focus on amplifying measures that will benefit low-income and disadvantaged communities, while also helping to achieve net-zero objectives. There are calls for a similar approach to be taken in Europe.
Plus, Swedfund puts €15m into XSML Capital’s African Rivers Fund IV | Climate Fund Managers and Microsoft’s Climate Innovation Fund back platform to supply renewables-derived grid-power to Nigerian users.
The company, which makes electrolysers for hydrogen production, is targeting rapid expansion of installations to meet a forecast sharp rise in demand for green hydrogen, as countries strive to meet net-zero targets.
The project seeks to increase agricultural output in one of Africa’s poorer countries by increasing supply of green ammonia to make fertilisers more widely available.
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