Solar gaining momentum - World Bank

2011-08-25 12:12
Cape Town - While green technology depends on a county's resources to implement it, solar has been gaining momentum, the World Bank has said.

"It is very country specific - it depends on the availability of resources - first of all. There is a very strong emphasis on a number of technologies, but particularly solar technology is getting a lot of prominence," Gevorg Sargsyan programme co-ordinator for the World Bank Climate Technology Fund told News24.

He said that World Bank programmes supported the "transformation" of technology and skill in terms of the development of green energy projects.

"There are a number of programmes that would support solar and since the Climate Investment Fund is about transformation, it includes transformation in terms of technology and skill."

The World Bank has partnered with Morocco and Egypt on two projects that use hybrid concentrated solar power technology to reduce dependency on fossil fuels and cut greenhouse gas emissions.

Solar projects


"The idea is basically to scale up the generation of electricity using solar power," Sargsyan said.

The concentrated solar plan has resulted in a reduction of 20 000 tons of carbon dioxide in Morocco and 40 000 tons in Egypt according to World Bank statistics.

The bank has also funded South African solar projects.

"South Africa which is also getting funding from the Climate Technology Fund has more resources allocated for solar than for wind. But also, we need to take into account that solar technology is probably the most expensive so far, especially when it comes to grid connected electricity," said Sargsyan.

Eskom was recently awarded a $365m loan from the African Development Bank and it will be used to finance wind and solar projects slated to produce 100MW in the Western and Northern Cape province.

"We're quite keen on solar; the cost of the technology has to come down. In general we are keen on solar and keen to do more of it," Eskom spokesperson Hilary Joffe told News24.

He agreed with insiders, saying that electrification in rural areas could be boosted by small scale solar projects, as demonstrated by companies like Windwatts Turbines in SA and Tenesol which runs an electrification programme in Madagascar.

Research

"It is different when we are talking about off-grid rural electrification. In those cases, you can get solar at parity or sometimes even cheaper than alternatives, which are kerosene, diesel, etc.

"Other technologies: Hydro, geothermal and all these technologies are being pursued and supported depending on the country context," he said.

Sargsyan said that it was not the World Bank's core business to fund research, but that it directed policies to facilitate the environment of technological development.

"The World Bank does not fund research per se; it is not our competitive advantage, so we would probably refer this to those who are into research: Academia, think tanks and research centres that would do it.

"What we would do is help with the policies that will ultimately create an enabling environment, which is the other part of the equation."

He also rejected the criticism from some quarters that the market for solar and wind was being flooded, saying that the more product would create competition, and that was good for the industry.

"I think if we get more supply of technology and more competition and more job creation that results from production, I think everyone is going to benefit."


- Follow Duncan on Twitter
 
- News24
Read more on:    world bank  |  eskom  |  solar power
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Music
 

17 photo illusions that look so real

What if they aren’t illusions? What if that dog really has a human foot – then what?

 
 

For chic geeks...

It’s THIS easy for someone to steal your ATM pin!
Check out the speed of this robo-cheetah!
New GIF keyboard on iOS for added fun!
Puppy goes crazy over iPad game

Jobs in Cape Town [change area]

Jobs in Western Cape region

Customs Clerk

Cape Town Southern Suburbs
Tower Group (PTY) Ltd
R10 000 Per Month

Software Architect – Stellenbosch – Market Related CTC

Western Cape
E-Merge IT Recruitment
R30 000 - R50 000 Per Month

Intermediate Java Developer

Cape Town
Communicate Cape Town IT
R25 000 - R35 000 Per Month

Property [change area]

HOUSES FOR SALE IN Paarl

Houses R 1 970 000

HOUSES FOR SALE IN Somerset West

Houses R 1 595 000

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is a tendency to fight against the current today but this will just use up a lot of energy and not get you very far. You...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.