Two Egyptian banks are moving into green lending with an initiative to finance rooftop solar power systems for residential consumers. National Bank of Egypt and Banque Misr are offering loans within specific areas of Cairo, with plans to expand into Egypt’s other governorates. How will that work in a mostly Muslim country, where interest payments are forbidden […]
With Dubai’s government close to finalizing legislation, property owners in the Emirate may soon have the option to feed solar power into the grid so they can make money from feed-in tariffs.
Israel’s research labs such as National Solar Energy Center, Grand Technion Energy Program (GTEP) and companies such as Zenith Solar and Arava Power Systems are developing advanced solar energy technology which is nearly cost-competitive with fossil fuels. Israel’s solar technology has been used in places as far away as Australia and China. Combine this […]
Dubai’s electric utilities are considering buying back power generated from solar panels on the roofs of houses and office buildings. Last year, the city carried out its first ever study to see how much solar power is being produced outside the grid and it found that local businesses and other private owners were producing around 5 […]
Arava Power in Israel is fighting so Bedouin get a fair share of feed-in tariffs in Israel. Backed by Siemens Arava stands to benefit too. “Sixty percent of the country happens to be desert, and 30 percent of the [desert] inhabitants happen to be Bedouin,” says Yosef Abramowitz, president of Arava Power Company in Israel. […]