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<p>Since 2011, CDC has invested in four energy projects designed to run on heavy fuel
oil in four countries in Africa: Kenya, Cameroon, Mali and Guinea-Conakry. The funding
was committed in 2015, 2017 and 2018. The total invested into the four projects is
$77.3 million which represents less than 1.5% of CDC’s total investment portfolio.</p><p>CDC
invests in energy projects to support access to energy for 600 million Africans without
power and to achieve net zero emissions by 2050 in a socially just manner. Over the
past two years, CDC has committed over $500 million to renewable energy projects,
almost 25% of CDC’s total investment commitments made over this period. Whenever CDC
invests in fossil fuels, it does so with the aim to increase efficiency, reduce emissions
and as part of a low carbon transition plan.</p>
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