Islamic Banks and Renewable Energy in MENA
Renewable energy such as hydropower, solar and wind energy is becoming focus of some Islamic banks. Especially solar power projects attract major investment in the Middle East and North Africa (MENA). Among the projects are Abu Dhabi’s Masdar City and the German-led Desertec Industrial Initiative (DII). It is expected that energy export thrughout the MENA region and into Europe will become possible.
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