Cleantech Investment by AfDB

The African Development Bank, through its public and private sector departments, is currently implementing several clean energy projects and programs to address these priorities particularly in the energy and forestry sectors. The Bank’s energy portfolio currently stands at about USD2 billion. The AfDB provides two lending windows. The first is a public window, with mostly concessional funds available to governments. The second is a private window, which offers debt and equity on commercial terms.  The World Bank Group and the African Development Bank are in the process of applying to the Clean Technology Fund (CTF) Trust Fund Committee for use … Continue reading

Renewable Energy in Palestine

High population growth, increasing living standards and rapid industrial growth has led to tremendous energy demand in the Palestinian Territories in recent years. The energy situation in Palestine is highly different compared to other countries in the Middle East due to non-availability of natural resource, financial crunch and unstable political condition. Palestine is heavily dependent on Israel for meeting its energy requirements. Almost all petroleum products are imported through Israeli companies.  Israel controls energy imports into Palestine and thus prevents open trade in electricity and petroleum products between Palestine and other countries. Current Scenario Energy is increasingly becoming unaffordable for … Continue reading

Solar Energy in Morocco

Morocco, being the largest energy importer in North Africa, is making concerted efforts to reduce its reliance on imported fossil fuels. Renewable energy is an attractive proposition as Morocco has almost complete dependence on imported energy carriers. Morocco is already spending over USD 3billion a year on fuel and electricity imports and is experiencing power demand growth of 6.5 per cent a year. The National Energy and Energy Efficiency Plan was launched in 2008 which aims to develop renewable energy to meet 15 percent of the country’s energy demand and to increase the use of energy-saving methods.  According to the Moroccan Ministry … Continue reading