Investing $100 billion annually: Africa's ambitious path to clean energy by 2040

<span>China to partner Nigeria on renewable energy (Caixin Global)</span>, <p>By 2030, Africa must provide power to 90 million people yearly and wean 130 million people off of polluting cooking fuels. While some nations, like Kenya, are ahead in the switch to green energy, others are still far behind, according to Kenya’s Energy and Petroleum Cabinet Secretary Davis Chirchir, speaking at the Green Energy Conference in Nairobi.</p>, <p>He said that up until 2040, the continent will need an estimated $100 billion yearly to make a successful transition. According to him, Kenya has made enormous strides in recent years to expand its clean and green energy capacity, and it is currently at the forefront of the development of renewable energy, notably geothermal and wind power.</p>, <p>"Kenya has slowly but surely been working around this challenge. Following increased investment in the sector, about 87 percent of the power generated in the country now comes from renewable energy sources,'' he said.</p>, <p>The region can develop into a clean energy superpower by combining its energy networks and emphasizing renewable energy sources, he continued, avoiding the trap of outdated, centralized fossil fuel infrastructure that exacerbates the climate catastrophe.</p>, <p>Kenya has launched a daring green development plan with the goal of using 100% renewable energy by 2030. According to Chirchir, this comprehensive strategy also promotes green transportation, eco-friendly urbanization, sustainable agriculture, and green industry. Kenya's grid is currently 92% renewable.</p>, <p>Kenya was included in a list of nations last month that would share Sh12.5 billion ($88.9 million) in funding for renewable energy projects from the United States Agency for International Development (USAID).</p>, <p>The installation of 10 million on-grid and off-grid connections for an estimated 50 million people in sub-Saharan Africa will be funded by the billions to be released through the Power Africa program for East and Central Africa.</p>, <p>Th