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Clean Technology Fund
The World Bank has approved $168 million financing towards Burkina Faso’s efforts to increase access to electricity in rural areas and support the country’s transition to clean energy.
The Africa Renewable Energy Fund II (AREF II) has raised $180 million from seven investors. The fund, managed by Berkeley Energy, will finance renewable energy in sub-Saharan Africa.
The World Bank will add $22,5million in additional financing to the Regional Off-Grid Electricity Project to support the development of the stand-alone solar product market in West and Central Africa, with a dedicated effort to include countries from the Sahel region.
The Clean Technology Fund, a multi-donor trust fund within the Climate Investment Funds, approved $20 million for the Facility for Energy Inclusion.
The World Bank has approved $125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind energy resources. The additional...