$8B IN SUSTAINABLE PROJECTS!
Ahead of AfDB’s annual meeting in May, over the next 5 years WPP has just pledged the following for African sustainable projects and financing through closely related company HyFi, in potential collaboration efforts with AfDB, IFC/World Bank, IFAD & Afreximbank.
Minimum forecasted investment amount for WPP projects: $102m WtE Kenya, $1B Various Nigeria, $175m WtE Mauritius, $350m Offshore Wind The Gambia, $53m housing project Cameroon, $1B Various South Africa, 1$00m WtE CAR, = total for Africa $2.78 Billion.
2023 AFDB meeting, https://am.afdb.org/en/2023-annual-meetings
WPP would also like to announce that W2H2 technology was the basis of a $200m funding request from the EU commission in the month of March for a 100MW EU based hydrogen project.
WPP would also like to announce one of the largest utility companies in Asia has expressed interest in W2H2 in the last 14 days and discussions are ongoing.
WPP is presently reviewing how best to position the company support its current over-book of over $8B in sustainable projects. Significant growth is expected as it moves into wind energy and biofuel production technology. As such WPP is reviewing it’s current status as being a private company.