Story perspectives

Bloomberg Philanthropies Pledges $285 M for African Renewable Infrastructure

7/12/2026

Summary

Story summary

Bloomberg Philanthropies is committing $285 million to build market, regulatory and technical institutions that will enable renewable projects across Africa and other developing regions.
U.N. climate envoy Michael R. Bloomberg announced the initiative in Nairobi.
Renewables supplied 34% of world electricity in 2025, surpassing coal’s 33% share.
Think Energy CEO Wangari Muchiri said the funding aims to remove barriers that slow renewable deployment for the 600 million Africans who remain without electricity.

1 of 1

Story summary

Bloomberg Philanthropies is committing $285 million to build market, regulatory and technical institutions that will enable renewable projects across Africa and other developing regions.
U.N. climate envoy Michael R. Bloomberg announced the initiative in Nairobi.
Renewables supplied 34% of world electricity in 2025, surpassing coal’s 33% share.
Think Energy CEO Wangari Muchiri said the funding aims to remove barriers that slow renewable deployment for the 600 million Africans who remain without electricity.