African Development Bank Group Approves $24.5 Million Grant to Power Clean Energy Future
Sao Tome and Principe, April 23 -- The African Development Fund has approved a $24.5 million grant package for Sao Tome and Principe, anchoring a landmark $30 million investment that will transform the island nation's energy landscape and accelerate its transition away from costly, polluting diesel power.The Energy Transition, Efficiency, and Expansion Project (ETREEP) is an ambitious clean energy investment that aims to support the energy transition in Sao Tome and Principe, promising to reshape daily life for more than 200,000 citizens across both islands. It is a cornerstone of Sao Tome and Principe's National Energy Compact, committing the country to universal electrification and a 50% renewable energy share by 2030. Project implementat...
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