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New World Bank Program Explores Concentrated Solar Power Potential in Middle East & North Africa
March 8, 2017
New World Bank Program Explores Concentrated Solar Power Potential in Middle East & North Africa
March 8, 2017
Ouarzazate, March 8, 2017 - More than 100 senior energy officials from 7 MENA countries have gathered in Ouarzazate, Morocco for the first session of the World Bank Middle East & North Africa Concentrated Solar Power Knowledge & Innovation Program (MENA CSP KIP), a new program designed to support officials exploring the potential of Concentrated Solar Power (CSP) as a sustainable source for the region’s rising demand for energy.
The World Bank and the Clean Technology Fund announced the launch of the MENA CSP KIP with an inaugural conference at Ouarzazate, the site of the world’s largest CSP plant. The new program will help inform decisions on CSP investment projects in the Middle East and North Africa (MENA), a region with some of the world’s best solar energy resources. Alongside other clean energy options, CSP offers great potential for meeting global and national goals for clean, secure and affordable energy.
One of the primary advantages of CSP is that it can rely on thermal storage to continue generating power after the sun goes down. This makes CSP as reliable as the fossil fuel-driven plants it can replace. The program kicked off with a workshop on Concentrated Solar Power Markets, System Value & Financing.
The gathering in Ouarzazate —is the first of a series of conferences to be held through 2019. The program was launched in Morocco to draw on the lessons the country has learned with the launch of its ground breaking CSP program. Participants will explore lessons about development, technology and financing from Noor-Ouarzazate I, II and III, along with lessons from other CSP projects launched around the world.
Read more at The World Bank News.
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