Kenya and China Sign an Agreement to Enhance Their Collaboration in the Renewable Energy Sector
Posted on : Friday, 6th September 2024
The China-Africa Renewable Energy Partnership is a ground-breaking program that was introduced in Nairobi, the capital of Kenya, with the goal of revolutionizing energy availability throughout the continent. By utilizing renewable energy sources, our collaboration aims to improve energy security and promote economic growth.
”Energy is the golden threat; we cannot grow an economy without energy, which is essential to addressing poverty and climate change,” said Wanjira Mathai, Regional Director of the World Resources Institute (WRI). "This is achieved by making sure that through technology transfer, we can combine China's technological know-how and journey with the advantages, wisdom, expertise, and resources that Kenya has to offer. This allows us to learn from each other's experiences."
The Chinese Renewable Energy Industries Association's deputy secretary-general, Wang Weiquan, asserts that jobs would result from this partnership, especially in the quickly growing green technology sector. China has a duty to support international renewable energy initiatives. In terms of finance, we need more long-term financial solutions.
According to Wang, the agreement calls for China and Kenya working together to conduct assessments so that they may better understand the requirements of Kenya's renewable energy sector. Along with providing affordable energy solutions to local businesses, the cooperation will encourage entrepreneurship and economic development.
Benson Ireri, the lead for Energy Access at WRI Africa, stated that among the main goals being considered is how to get China to invest more in localized renewable projects, such as solar panels and mini-grids, which can also help communities.
Chinese technology and investment partners were present at the event, along with authorities with local expertise in energy. The China-Africa Digital Financial Inclusion Summit, which was taking place at the same time as the event, was anticipated to strengthen cross-border financial and commercial exchanges as well as encourage the implementation of renewable energy technology in Africa.
