{"id":104717,"date":"2009-12-11T06:52:40","date_gmt":"2009-12-11T11:52:40","guid":{"rendered":"http:\/\/www.ecoseed.org\/en\/general-green-news\/renewable-energy\/solar-energy\/concentrating-solar-power\/5531-World-Bank-money-follows-African-sun"},"modified":"2009-12-11T06:52:40","modified_gmt":"2009-12-11T11:52:40","slug":"world-bank-money-follows-african-sun","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/104717","title":{"rendered":"World Bank money follows African sun"},"content":{"rendered":"

<\/a><\/span><\/span>World Bank boosts C.S.P. in Middle East and North Africa through $5.5 billion funding
\n<\/p>\n

<\/p>\n

The World Bank said no other region in the world has such favorable combination of geographic and market advantages for C.S.P. as the Middle East and North Africa.<\/span><\/div>\n

<\/span>
\n
\n<\/p>\n

World Bank boosted concentrating solar<\/a> power (C.S.P.) projects in the Middle East and North Africa through a massive $5.5 billion clean technology funding.<\/p>\n

The clean technology fund is one of two multidonor trust funds under the bank’s climate investment funds for which the African Development Bank, Asian Development Bank, European Development Bank and Inter-American Development Bank also act as implementing agencies.<\/p>\n

The fund’s goal is to support the deployment of significant large scale low-carbon technologies that can cut greenhouse gas emissions in the long term. <\/p>\n

The Washington-based multilateral bank approved financing of $750 million in early December which is expected to mobilize an additional $4.85 billion from other sources. <\/p>\n

The fund will invest in commercial-scale C.S.P. power plants spread in Algeria, Egypt, Jordan, Morocco, and Tunisia following over a three- to five-year time frame. The 11 proposed projects are expected to avoid roughly 1.7 million tons of carbon dioxide every year. The investment is also expected to attract significant private sector interest that could help the region reach 900 megawatts of installed C.S.P. capacity by 2020.<\/p>\n

Overall, the fund plans to triple worldwide C.S.P. capacity to1 gigawatt through global investments in the technology. It also supports transmission infrastructures in the Maghreb and Mashreq to enhance the Mediterranean power grid. <\/p>\n

The World Bank<\/a> said no other region in the world has such favorable combination of geographic and market advantages for C.S.P. as the Middle East and North Africa.\n<\/p>\n

\n<\/p>\n

\n<\/p>\n

<\/span><\/p>\n

–    Oliver M. Bayani<\/em><\/p>\n

\n<\/p>\n

<\/span>
\n
\n
\n<\/p>\n

\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n\n

Related Stories<\/span><\/strong>
\n{loadposition acrArticlesRelatedArticles}<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

World Bank boosts C.S.P. in Middle East and North Africa through $5.5 billion funding The World Bank said no other region in the world has such favorable combination of geographic and market advantages for C.S.P. as the Middle East and North Africa. World Bank boosted concentrating solar power (C.S.P.) projects in the Middle East and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-104717","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/104717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=104717"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/104717\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=104717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=104717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=104717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}