The agreement is a part of the Senegal Just Energy Transition Partnership (JETP), which includes France, Germany, the European Union, the United Kingdom, and Canada. It was revealed on Thursday at the Summit for a New Global Financial Pact in Paris.
Senegal has agreed to an investment pact worth 2.5 billion euros ($2.74 billion) with a group of advanced economies in order to expand its renewable energy industry and quicken the country’s shift to a low-carbon economy.
At the Summit for a New Global Financial Pact in Paris, Sall stated, “We think that if this is mobilized we can achieve, if not exceed this objective.” He also noted that 31% of Senegal’s capacity is already made up of renewable energy.
