World Bank: Over $5.5 billion in New Investment for Clean Energy Technology

Washington D.C., USA - The Clean Technology Fund (CTF) approved financing of $750 million, which will mobilize an additional $4.85 billion from other sources, to accelerate global deployment of Concentrated Solar Power (CSP).

It will do so by investing in the CSP programs of five countries in the Middle East and North Africa: Algeria, Egypt, Jordan, Morocco, and Tunisia. The CTF is a multi-donor trust fund to facilitate deployment of low-carbon technologies at scale. Specifically, the CTF approved an investment plan which will:

Source: IWR Online, 11 Dec 2009