Browsing: Renewable Energy Investments

• The Senegal 2050 plan seeks to address the economy’s weaknesses and position the West African nation as a diversified and dynamic economy in the coming decades.
• At the heart of the Senegal 2050 plan is a commitment to green energy and infrastructure advancement.
• The strategy encompasses substantial enhancements in healthcare, guaranteeing that a healthier populace boosts productivity and innovation.

Over the last decade, Senegal’s economy has remained strong, supported by major sectors, including agriculture, mining, and services. The country’s GDP growth has remained consistently strong compared to regional averages.

Infrastructure projects, enhanced business regulations, and robust regional trade connections are among the pillars contributing to Senegal’s stable GDP. As a member of the West African Economic and Monetary Union (WAEMU), Senegal also benefits from a stable currency hedged to the euro, which helps control inflation and provides a reliable investment environment.

Like many African countries, Senegal grapples with …

• In Africa, American Tower cut the emissions intensity per tower by 21% compared to their 2019 baseline due to rising use of solar.
• American Tower has invested over $350 million in energy reduction initiatives in Africa since 2018.
• Founded in 1995, American Tower is one of the largest, publicly held global real estate investment trusts.

The American Tower Corporation, a big player in Real Estate Investment Trusts (REITs), reduced its direct greenhouse gas emissions (scope 1) by 11 per cent last year, mainly by using more solar energy.

In Africa, the corporation cut the emissions intensity per tower by 21 per cent compared to their 2019 levels, attributable to increased deployment of on-site solar power.

The company’s 2022 Sustainability report notes that the number of hours various sites used solar energy has nearly doubled since 2019.

“Providing power as a service in India and Africa represents 41 per cent and …