European Union Pushes Into North African Solar Markets | OilPrice.com

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European Union Pushes Into North African Solar Markets | OilPrice.com
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International interest in African renewable energy projects raises concerns about debt sustainability, environmental impact, and exploitation of abundant African resources.

pushing into North African markets in search of sufficient space and sun to meet their own solar power needs. Now the United States is trying to get a foothold in African energy as well, but it might already be too late. from Nikkei Asia, China already holds the upper hand in what is developing to be a battle with the United States for Africa’s energy.

According to figures from the Atlantic Council, a U.S.-based think tank, Chinese investments in sub-Saharan Africa energy infrastructure have grown tenfold in the last decade to reach a whopping $14.5 billion. Along with its strong presence in the energy industry, Beijing is also seeking to expand its military presence on the African continent. The Atlantic Council reports that China’s growing influence in this sphere could pose a notable threat to U.S. interests.

China’s growing energy influence on the global stage should come as no surprise. Beijing’s assertive Belt and Road Initiative, which involves Chinese investment in around 70 countries and international organizations, has been public knowledge since it began in 2013. Since then, China has made . Any threat to the United States’ agenda could have easily been foreseen and forestalled.

China’s growing presence may be problematic for Africans as well. “These include concerns about debt sustainability, environmental impact, and the potential for Beijing to use its energy investments as leverage for political gain,” reports Nikkei. Of course, some of these concerns would be the same were the United States to be at the helm in place of China.

The problem is that it’s hard to find funding with no strings attached. And even those organizations that do seek to promote African sustainable development for Africa’s sake – as the World Bank purports to do – are being outspent and out-maneuvered by Beijing.

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