Four of the world’s largest energy companies—bp, Equinor, Shell, and TotalEnergies—have pledged a joint investment of $500 million to enhance access to energy and clean cooking solutions across sub-Saharan Africa and South and Southeast Asia. The initiative, managed by a global private equity firm, focuses on impactful projects such as solar home systems, mini-grids, energy storage, and the expansion of LPG for clean cooking.
The investment aims to address critical energy access gaps while supporting job creation and improved health outcomes in underserved communities.
A key focus of the project includes TotalEnergies’ $400 million investment in LPG, aimed at providing clean cooking solutions to 100 million people in India and Africa by 2030. This aligns with the company’s broader strategy to dedicate one-third of its electricity projects to emerging markets and deliver power to 40 million people within the same time-frame.
The initiative reflects a growing trend among global energy giants to invest in sustainability and energy equity. By collaborating with international organizations and philanthropies, the project seeks to overcome market barriers and promote the sharing of industry best practices.
This $500 million collaboration highlights the increasing role of LPG and other clean energy solutions in addressing global energy poverty while aligning with environmental and social goals.
