Transactions - JUNE 23, 2022

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EIB signs renewables pact with Mauritania

by Kali Persall

The European Investment Bank (EIB) and Mauritania have struck an agreement to strengthen cooperation to scale up wind, solar and green hydrogen investment in Africa.

Mohammed Ould Ghazouani, president of the Islamic Republic of Mauritania, and Werner Hoyer, president of the EIB, met on June 22 and also discussed support for telecom, transport and industrial investment in Mauritania, with a special focus on national and regional electrical interconnection.

“Development of Mauritania’s huge renewable energy potential can both enhance access to affordable energy in our country and allow clean energy to be converted to green hydrogen,” said Mauritanian President El Ghazouani. “Closer cooperation with the European Investment Bank will allow Mauritania to benefit from the EIB’s unique technical experience and financial strength.”

Hoyer said the EIB is committed to supporting climate action and clean energy investment across Africa. The discussions build on

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