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The European Investment Bank (EIB) has pledged over €1 billion for renewable energy projects in Sub-Saharan Africa, supporting Mission 300's goal of connecting 300 million people to electricity by 2030. This initiative, launched by the World Bank Group and African Development Bank Group, focuses on hydropower, solar, and wind energy.

EIB Global will manage the financing, which aligns with the EU's Global Gateway strategy. The total investment in renewable energy in Africa is projected to exceed €2 billion over the next two years. Currently, nearly 600 million people in Sub-Saharan Africa lack reliable electricity access.