The Mediterranean Solar Plan approved by the European Commission
The European Commission gave, last 16th March, its formal approval to the Mediterranean Solar Plan Project Preparation Initiative (MSP-PPI), in the framework of the Neighbourhood Investment Facility (NIF).
Source : https://www.marocafrik.com/english/The-Mediterrane...
Through supporting eligible investment projects with Technical Assistance (TA) targeted at advanced project preparation, the MSP-PPI aims to establish a robust pipe-line of MSP projects (generation of renewable energy, energy efficiency as well as grid connection projects), to accelerate their implementation and financing, and to coordinate the action of the financial institutions of the European Commission and of the Secretariat,according tothe website of the Union for the Mediterranean UfM.
The support under the MSP-PPI covers 100% of the costs associated with TA for preparing sustainable energy investments projects in nine Mediterranean partner countries (MPCs): Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, and West Bank & Gaza.
Such investment projects may also be eligible for funding from the participating financial institutions and for the UfM branding. The investment projects supported should contribute to achieving the objectives of the MSP.
The TA is intended to support investment projects which are already at a sufficient advanced stage of preparation, and which have a high probability of being financed and implemented in a reasonable time frame.
A Steering Committee composed of representatives from the European Commission and from each EFIs participating in the initiative, as well as of the Secretariat of the Union for the Mediterranean, which enjoys an observer status, will select the eligible projects.
In addition, the EU gave the green light to finance up to € 4.6 million project on improving conditions for promoting the use of renewable energy in general and solar energy in particular in all countries of the south shore of the Mediterranean.
Part of the major initiatives of the UfM launched at the Paris summit in 2008, the PSM is the establishment of policies for production and transmission of renewable energy, but also to promote energy efficiency, with the objective of developing a power of 20 GW in generating capacity of renewable energy by 2020.
The support under the MSP-PPI covers 100% of the costs associated with TA for preparing sustainable energy investments projects in nine Mediterranean partner countries (MPCs): Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia, and West Bank & Gaza.
Such investment projects may also be eligible for funding from the participating financial institutions and for the UfM branding. The investment projects supported should contribute to achieving the objectives of the MSP.
The TA is intended to support investment projects which are already at a sufficient advanced stage of preparation, and which have a high probability of being financed and implemented in a reasonable time frame.
A Steering Committee composed of representatives from the European Commission and from each EFIs participating in the initiative, as well as of the Secretariat of the Union for the Mediterranean, which enjoys an observer status, will select the eligible projects.
In addition, the EU gave the green light to finance up to € 4.6 million project on improving conditions for promoting the use of renewable energy in general and solar energy in particular in all countries of the south shore of the Mediterranean.
Part of the major initiatives of the UfM launched at the Paris summit in 2008, the PSM is the establishment of policies for production and transmission of renewable energy, but also to promote energy efficiency, with the objective of developing a power of 20 GW in generating capacity of renewable energy by 2020.
Source : https://www.marocafrik.com/english/The-Mediterrane...