Investment opportunities in Mauritius and through the island in Africa

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In 2009, the Mauritian government launched the Long Term Energy Strategy 2009-2025 and pioneered the theme of Maurice Ile Durable (Sustainable Mauritius). The rationale behind this initiative was to augment the use of renewable energies – for instance, biomass, solar and wind – for electricity generation to a staggering 65% by 2028. The government emphasized the SEA (sustainability, efficiency and accessibility) strategy so as to quell energy usage and greenhouse gas emissions and attain a healthier environment. The accession to the Nations Framework Convention on Climate change in 1992 and to the Kyoto Protocol in 2001 is also symptomatic of the will of the government to adhere to the Clean Development Mechanism, put in place to comply with the greenhouse gas emission diminution goals set to achieve sustainable development.

Investment opportunities

The 2014 edition of the Renewables Global Status Report for the 21stCentury classifies Mauritius as second worldwide amongst countries investing in renewable power. The micro-climate engendered by a topography peculiar to the island, its established financial networking and the manifold fieldworks already underway for large-scale renewable energy projects thrusts Mauritius to the forefront as an alluring investment platform. Several wind and solar projects have been undertaken or are already afoot on the island, involving several foreign promoters and investors. In its bid to uphold the greener Mauritius concept, the government is launching several procurements for the production of electricity from green energy sources.

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Gilles Athaw is director at C&A Law in Mauritius. He can be contacted on +230 5252 0981 or by email at gilles.athaw@calaw.mu

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