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World Bank to Boost Africa’s Power Supply With New Solar Scheme

Published on February 19, 2015

The World Bank Group will boost access to modern alternative energy across Africa through a new solar energy scheme. According to the multilateral finance institution, the project will create a viable market for private solar power projects and further help governments increase the supply of energy for millions of consumers across the continent. “The programme tagged ‘Scaling Solar’ reduces the development time and uncertainty for bidders and investors, while lowering tariffs for utilities, which ultimately benefits consumers,” a statement from the World Bank Group read. Read more. Source|Ventures Africa