Funds Commit $660M To Solar Projects In Middle East, Africa

Law360, New York (May 7, 2013, 5:52 PM EDT) -- A pair of investment funds that provides financing for global renewable energy projects has agreed to give $660 million to a blockbuster solar power energy plan for the Middle East and North Africa, the funds said Tuesday.

The Climate Investment Funds, two private investment vehicles with a combined $7.6 billion in assets, said they would provide the financing for Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to create a combined 1,120 megawatts in solar power facilities. The countries will receive the financing from the CIF's Clean...
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