The corridor is intended to identify regions with a large potential for renewable energy generation, promote governments to expand their renewable energy portfolios, create innovative financing techniques for such projects to move forward on local levels, and to educate the populations on the benefits and value of renewable energy.
East Africa currently uses natural gas to provide 60% of its electricity, and demand is rising by 6% every year. According to Mosad Elmissiry, Head of Energy for the New Partnership for Africa’s Development with the African Union, “The Clean Energy Corridor can support and further advance the implementation of the regional and continental initiatives already on the ground for further utilization of renewable energy in Africa.”
South Africa, a member of the new corridor, also recently joined IRENA’s Renewable Energy Club, an organization intended to promote the increased generation of renewable energy. The issue is particularly pressing for South Africa, which relies on coal for 80% of its electricity with a sharply rising demand for power.