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Israel has signed a Memorandum of Understanding (MoU) with the Economic Community of West African States (ECOWAS) to help develop the region’s green energy power projects. Under the terms of the MoU, Israel’s Energiya Global will invest $1 billion over the next four years to advance green projects across the 15 member states of the West African economic community.

Israel invests in African green energyLiberian President H.E. Ellen Johnson Sirleaf approves the $20 million investment in Liberia’s energy sector, with Israeli Ambassador Ami Mehl and Liberia Country Director Remy Reinstein.

Energiya Global and its associated companies developed the first commercial scale solar field in sub-Saharan Africa in Rwanda. This project is currently supplying 6% of the country’s power. The group is developing a similar power plant in Burundi, which will supply 15% of the country’s power by the end of the year. The Israeli solar group has fields at various stages of development in ten African countries and expects to announce its full programme at the Israel-Africa Summit in Togo at the end of October.

“In honour of Liberia’s friendship with the State of Israel, Energiya Global and our international partners will finance and build a commercial-scale solar field at the Roberts International Airport, which will supply 25% of the country’s generation capacity,” says Yosef I. Abramowitz, CEO of Energiya Global. “We are prepared to finance and build the first National Demonstration Solar Projects in all ECOWAS-affiliated countries in order to promote political stability and social and economic development, as well as to advance knowledge transfer.”

A working session between ECOWAS, representatives of the State of Israel, and Abramowitz will take place in Monrovia, to plan for the deployment of the green energy investments in fulfilment of the MOU.

“As a founding Power Africa partner, Energiya Global continues to demonstrate its industry leadership with this important investment in Liberia. Increasing access and power generation is the foundation for economic prosperity and human development. We look forward to Energiya Global’s transformative impact on the lives of the Liberian people,” says U.S. Power Africa Co-ordinator Andrew Herscowitz.

Image credit: https://www.africa-newsroom.com/press/media/1-billion-israeli-solar-commitment-to-ecowas?lang=en?display=video

 

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