Climate Change

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World Bank to Fill in till Global Climate Deal?

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The funding for many of the great renewable energy projects within the Middle East and North Africa (MENA), and other developing regions, will continue to be directed via the World Bank, Reuters reports. The funds support projects which cut climate-changing…

Tunisia-Desertec

Abu Dhabi’s Torresol $5 Billion Solar Plans Include US

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Torresol – a joint venture between Spain’s SENER and Abu Dhabi’s Masdar, plans to invest up to $5 billion building 6 GW of concentrated solar-thermal power (CSP) projects over the next three years in the deserts of the MENA region, Spain, and the US. Although the sites are not yet named, at least one of the plants will be in Abu Dhabi.

The company (‘torre’ is Spanish for tower, and ‘sol’ for sun) says it is optimistic in getting the funding for its ambitious solar project pipeline. “Despite the ongoing economic troubles facing much of the world”, says Torresol President Enrique Sendagorta, “we believe we can achieve our goals as foreign banks are becoming more interested in financing solar power projects because it is a winning investment”.

The first of the Desertec solar projects all use CSP, in Morocco, and in Algeria, and just today – in Tunisia.

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Tunisia Announces 4th Desertec Deal and 2 GW of Solar!

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Wow, the Desertec vision is barreling into realization! A clean energy future where the world’s deserts supply huge amounts of solar energy to the whole of humankind is truly becoming reality. Now the fourth Desertec project, by far the largest-ever solar plant in the world – for 2,000 MW of solar power – is to be built in Tunisia.

(Previous stories: Desertec Begins: 500 MW Moroccan Solar in 2012, then MedGrid joined up, providing the transmission needed, with the plan to export up to 5GW of renewable power by cable under the Mediterranean between North Africa and Europe as early as 2020, and then most recently, the 3rd Desertec Deal Signed – Algerian Solar.)

How huge will this solar project be? 2, 000 MW is six times the size of the largest solar CSP project ever built

Abu-Dhabi-renewable-TAQA

Abu Dhabi’s $32 billion TAQA Adds Clean Energy Division

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Abu Dhabi’s 75% government-owned National Energy Company TAQA has just created its first-ever division to specialize in investing in renewable energy. The new unit, Energy Solutions, will invest in wind, solar, thermal and hydro power, according to a report at The National.  TAQA first evidenced…

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