TotalEnergies: Debt Rules Hurt Africa’s Renewable Investments

Tight rules on government debts by the IMF are hampering more investments in clean energy in Africa, where countries are not always available to guarantee loans due to said rules, according to the chief executive of French supermajor TotalEnergies.   When companies look to develop a new renewable energy project in Africa, they ask governments for guarantees because the clean energy developers don’t want to run the risk of not being paid, Patrick Pouyanné said at an industry event on Wednesday, as carried by Reuters. “But…