North Africa has new renewable energies development project
20 July 2011
The Regional Office of the Economic Commission for Africa (CEA-ONU) has just launched a new project on innovative mechanisms for financing renewable energies in the region of North Africa.
The aim of this initiative is to support efforts to develop the existing potential for renewable energies across seven countries: Morocco, Algeria, Egypt, Libya, Mauritania, Sudan and Tunisia, reports a press release quoted by the MAP press agency.
It also aims to establish a knowledge base of the best options and innovative financial mechanisms.
A further aim is to contribute to the development of a common strategic vision in relation to renewable energies and to encourage the sharing of experiences by establishing a commonality of practices and a knowledge management platform.
At a cost of 623,000 dollars, it will take shape over a period of two years, in cooperation with, among others, the Arab Maghreb Union, the United Nations Development Program, the World Bank and the African Development Bank.