The South African government, the African Development Bank, the World Bank and the International Finance Corporation have recently launched the Clean Technology Fund. Apparently they have around USD 500 million to invest. There focus areas will be:
- 1) The market development and retrofitting of 500,000 solar water heaters
- 2) The ESKOM 100MW CSP plant
- 3) The ESKOM 100MW wind farm
- 4) Energy Efficiency
Increasing potential energy efficiency investments through expansion of bank lending to commercial and industrial sectors through lines of credit to commercial banks, contingent financing to foster energy service companies, and financial incentives or risk products to market leaders.
Frank
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