Africa Green Investment Initiative (AGII) Press Release
Two Years On, Africa Green Investment Initiative Delivers on $4.5B COP28 Clean Energy Commitment
Abu Dhabi, September 2025 – As the Africa Climate Summit (ACS) 2025 convenes in Addis Ababa, the Africa Green Investment Initiative (AGII) marks two years since its launch at ACS 2023 in Nairobi, with significant progress toward accelerating clean energy and green industrialization across Africa.
Launched by the UAE COP28 Presidency, AGII is a USD 4.5 billion commitment to accelerate Africa’s clean energy potential, with the objective of delivering 15 GW of new clean power by 2030 while catalyzing sustainable industrial growth. The UAE initiative brings together leading institutions including the Abu Dhabi Fund for Development (ADFD), Masdar, Etihad Credit Insurance (ECI), and AMEA Power, with Africa50 as a strategic implementation partner.
The Global Climate Finance Centre (GCFC) serves as AGII’s Secretariat, responsible for strategic coordination and progress tracking. It also supports pipeline development and project de-risking through its ecosystem of partners, helping commitments translate into bankable projects.
Two years since its launch, AGII has built a robust pipeline of 60 projects across 23 African countries, representing 26.8 GW of clean energy capacity spanning solar, wind, energy storage, and green hydrogen. This milestone demonstrates concrete progress on AGII’s journey toward its 2030 commitments.
“Africa Green Investment Initiative’s progress underscores the scale of the opportunity and the UAE’s commitment to accelerating the continent’s clean energy transition. We remain focused on scaling results where they matter most” said Mercedes Vela Monserrate, CEO, GCFC.
Hussain Al Nowais, Chairman, AMEA Power said, “We believe Africa offers some of the most attractive opportunities for renewable energy worldwide. AMEA Power is showing that with the right approach, challenges can be overcome, and renewable energy projects can be brought from vision to reality.”
H.E. Raja Al Mazrouei, CEO of Etihad Credit Insurance stated, “The UAE is steadfast in accelerating Africa’s clean energy transition, and AGII’s work powerfully demonstrates how focused collaboration can scale impact where it matters most. ECI remains committed to advancing a greener tomorrow, aligned with national objectives and the global drive for sustainable development”.
Explore AGII’s full pipeline analysis in the latest visual report, available on the GCFC website.
Organizations interested in learning more or supporting AGII’s mission are encouraged to contact GCFC at info@gcfc.com.
References
(source: Global Climate Finance Centre partners with Africa Green Investment Initiative -ESG Mena)
(source: Press Release: COP28 Presidency Announces US$4.5 Billion UAE Finance Initiative to Unlock Africa’s Clean Energy Potential – NextBillion)
About Africa Green Investment Initiative (AGII)
Launched by the United Arab Emirates at the Africa Climate Summit in 2023, the Africa Green Investment Initiative (AGII) is a flagship platform to accelerate clean energy and green industrialization across the continent. With a UAE commitment of USD 4.5 billion, AGII aims to deliver 15 GW of new clean power by 2030, mobilizing investment into transformative projects. The initiative brings together leading partners including Masdar, AMEA Power, the Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), and Africa50, with the Global Climate Finance Centre (GCFC) serving as its Secretariat.
About GCFC
The Global Climate Finance Centre (GCFC) is a private-sector-led initiative launched at COP28 to accelerate private capital into climate solutions. Headquartered in Abu Dhabi Global Market (ADGM), GCFC serves as a gateway for climate investment opportunities, with a focus on three transformative megatrends: energy transition, emerging markets, and financial innovation. By bridging finance and climate action, GCFC is shaping the future of global investment