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Islamic banks and renewable energy in MENA

Posted on 25 July 2012

Some Islamic banks are looking to support renewable energy including hydropower, solar and wind energy. Finance is a crucially important component of building a green infrastructure and this is even more true in the context of economic difficulty. Islamic lending institutions that create financial mechanisms will benefit the growth of renewable energy.
In the Middle East and North Africa (MENA) solar power projects are driving major new investment. With projects like Abu Dhabi’s Masdar City and the German-led Desertec Industrial Initiative (DII) it is expected that the region will be able to export energy throughout the region and into Europe. ……………………………………….Full Article: Source

 
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