{"id":15999,"date":"2025-11-24T10:57:52","date_gmt":"2025-11-24T08:57:52","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/european-investment-bank-pledges-over-2-3-billion-for-african-renewables-projects\/"},"modified":"2026-02-27T16:28:03","modified_gmt":"2026-02-27T14:28:03","slug":"european-investment-bank-pledges-over-2-3-billion-for-african-renewables-projects","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/european-investment-bank-pledges-over-2-3-billion-for-african-renewables-projects\/","title":{"rendered":"European Investment Bank pledges over $2.3 billion for African renewables projects"},"content":{"rendered":"<p>The European Investment Bank (EIB) is pledging more than 2 billion Euros ($2.3 billion) of financing for renewable energy projects on the African continent over the next two years.<\/p>\n<p>&nbsp;<\/p>\n<p>The projects will include hydroelectric, solar, and wind power plants, as well as the expansion and upgrading of transmission and distribution facilities, the bank said in a statement.<\/p>\n<p>&nbsp;<\/p>\n<p>They will be backed by guarantees from the European Commission.<\/p>\n<p>&nbsp;<\/p>\n<p>EIB Vice President Ambroise Fayolle is expected to provide more detail about the pledge at a European Union-African Union summit in Angola&#8217;s capital Luanda later this Monday.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":16000,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15999","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"EIB is pledging more than 2 billion Euros ($2.3 billion) of financing for renewable energy projects on the African continent","published_date":"2025-11-24 12:56:43","news_description":"EIB is pledging more than 2 billion Euros ($2.3 billion) of financing for renewable energy projects on the African continent","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15999\/revisions"}],"predecessor-version":[{"id":19997,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15999\/revisions\/19997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16000"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15999"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}