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  • A large number of networked solar thermal power plants in the Middle East and North Africa could produce sufficient renewable power to meet around 15% of Europe’s electricity needs and large parts of the power needs of the producer countries.
  • The World Bank will invest $5.5 billion for North African solar power projects. They have announced that initially World Bank will put in $750 million dollars from the Clean Technology Fund with the remaining amount will be arranged from other sources. World Bank is expecting to complete these projects by 2015.
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