Europe's Cash Push For Solar in North Africa

23 March 2012

Forbes - March 22, 2012

The European Commission put its first operational weight behind funding solar energy efforts across the Southern Mediterranean this month with the announcement that they would now offer up funding for qualifying projects from Tangiers to the West Bank. Betting on the potential for solar projects to help economic growth and ease the region off the volatility of hydrocarbons, the plan would target the funding of the “generation of renewable energy, energy efficiency as well as grid connection projects”, providing up to 100 percent of technical assistance costs for qualifying efforts in Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, and West Bank & Gaza.

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