With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Why invest in australia Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Learning from Morocco: Why Invest in Concentrated Solar Power?
New technologies are often caught in a bind. Their true value only emerges once people begin to use them, but until they have a proven track record few are willing to try. Morocco launched its bold program to invest in the technology. With the first phase of the 500 MW NOOR project coming on line earlier this year, the 160 MW NOOR I plant, Morocco is providing an example to the region of the value of CSP. It was to study the example of NOOR that government officials and energy and finance experts gathered in Casablanca, Morocco earlier this year. The aim was to share knowledge and build networks to catalyze the development of CSP in a region ideally suited to the technology due to its abundant sunshine.