The Middle East-North Africa region has greater potential for Concentrated Solar Power projects than in another in the world, a new World Bank study finds.
If the MENA region plays smart, it could benefit from a huge influx of Concentrated Solar Power projects, according to a new World Bank study. In cooperation with Ernst & Young, Fraunhofer Institute for Systems and Innovation Research (ISI) and the Fraunhofer Institute for Solar Energy Systems (ISE) found that although Spain and United States are currently leading the solar race, the MENA region has the best potential and widest application.
A pet favorite of the World Bank’s Clean Technology Fund (CTF) and a contender for financing under the United Nations Framework Convention on Climate Change (UNFCCC), five MENA countries in particular need to take certain steps to realize this solar and financial infusion.
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