The African development bank to provide $25 million financing support renewable energy projects

- if only people can solve the storage problem How cheap store a lot of power on a large scale, renewable energy may be the world's major source of energy? The battery is too expensive, can't last long enough. Pumping station is cheap but not feasible for most places. Heat storage is very promising, but it is still too expensive or difficult to expand. Compressed air is cheap and can be extended, but efficiency is not high, Despite the LightSail is a by Peter Thiel, Vinold Khosla is Bill Gates, and support of the new company, hope to change this situation) 。 The flywheel? The biggest players Beacon Power went bankrupt in 2011.

solar photovoltaic net news: according to the pan-african net reported on February 1, the African development bank's board of directors for approval to the African renewable energy fund invest at $25 million, to invest in renewable energy projects in sub-saharan Africa. The fund for a total of 2. $500 million private equity fund, plan for 10 to 15 wind energy, solar power, small and medium-sized hydropower, geothermal, biofuels and other renewable energy project development and construction to provide financing support, is expected to increase to 533 mw of generating capacity.

AmadouHott says the African development bank vice President, the project in accordance with the strategy of the bank for ten years and five priority areas, especially help to achieve & other; Throughout Africa & new energy policy; Proposed by 2025 in Africa goal of universal power. The investment the bank action is expected to attract another $60 million to $75 million of funding support for the African renewable energy fund, and will create at least 272 of the 5320 full-time jobs and part-time jobs.

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