renewable energy development

Element Power Adds Educational/Cultural Center to Solar Power Projects in Chile’s Atacama

Projects such as building the center are part and parcel of Element’s efforts to develop its business internationally and domestically, a business strategy that incorporates socially beneficial outreach aspects to its activities. Element views such initiatives as bi-directional in that it results in a give-and-take and exchange of information and opinions between the company and local residents.

World Bank Group Co-Finances Morocco’s Ouarzazate 500 MW Solar Thermal Power Project

The World Bank Group is providing $300 million in loans to co-finance Ouarzazate, a 500 MW Concentrated Solar Power Plant that would be one of the largest in the world upon completion. The World Bank Group’s IBRD and Clean Technology Fund are members of a public-private partnership with the Moroccan Agency for Solar Energy that also includes includes four international lenders from Europe and Africa.