Source: European Parliament
The Commission applies strict rules for the management of all projects, according to the rules and procedures applicable to external instruments as set in the Financial Regulation[1]. These provisions help to ensure full transparency and appropriate use of public funds.
Working in a Team Europe[2] approach the EU ensures strong coordination and tangible impact on the ground. A key Team Europe Initiative on sustainable energy under the EU Global Gateway strategy[3] is the Africa-EU Green Energy Initiative[4] (AEGEI).
The campaign showcases AEGEI investments jointly identified by the African partners and the EU. Ownership, transparency and accountability are at the core of the EU and African partners cooperation.
Improving access to affordable and reliable energy is a cornerstone of the EU’s partnership with African countries. AEGEI aims to establish 50GW of additional renewable energy generation capacity, including with solar and wind power. In addition, it strives to bring electricity access to at least 100 million people by 2030.
The objective of the campaign is to leverage further commitments in renewable energy access, renewable power generation, grids and storage. Increasing access to affordable and reliable energy and green hydrogen industrialization are complementary goals. Both can create sustainable prosperity, jobs, and services for people.
The Commission thoroughly reviews the macroeconomic outlook of partner countries to safeguard EU taxpayers against inflationary and financial risks.
The Commission supports capacity building investments that contribute to creating a self-sustaining economy. Local communities are actively engaged in the projects to ensure that investments meet their needs and lead to sustainable development.
- [1] https://commission.europa.eu/publications/eu-financial-regulation_en
- [2] https://international-partnerships.ec.europa.eu/policies/team-europe-initiatives_en
- [3] https://international-partnerships.ec.europa.eu/policies/global-gateway_en
- [4] https://international-partnerships.ec.europa.eu/policies/global-gateway/africa-europe-green-energy_en