UK contributes to $500mn South African energy storage project | Sustainability


As part of Prime Minister Theresa May’s African visit, the UK has announced it will contribute $73mn (£56mn) to a South African energy storage fund.

The fund, which is to be worth $500mn as a whole, will help secure renewable power in South Africa by developing battery technology to store energy.

The money has been offered through the Clean Technology Fund, which provide funding for clean technology projects in developing countries with a focus on developing low-carbon solutions and eliminating greenhouse gas emissions. The UK is the top contributor to the global fund, followed by the US and Japan.

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