The sun-drenched region of the Middle East and North Africa (MENA) is emerging as a key player in the rapidly evolving market for concentrated solar power (CSP) to reduce dependency on fossil fuels and greenhouse gas emissions and expand socio-economic opportunities.
The MENA Region CSP initiative is motivated by objectives of energy security, climate change mitigation, and regional integration in the Mediterranean. A total of $750 million in CTF concessional financing is supporting the development of 960 MW of new CSP capacity across Egypt, Tunisia, Morocco, Jordan, and Libya. Algeria is also participating in technical assistance.
Through economies of scale and learning effects from replication, this initiative is helping to bring down the global costs of CSP technology and to encourage private investment. It is also generating employment through technology transfer and local manufacturing, a need heightened by the political transformation underway in the region.
Energy security, climate change mitigation, and regional integration are objectives of MENA Region CSP initiative
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.