With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that how To Invest In Another Country poverty and build shared prosperity in developing countries. The World Bank 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. One of the first lessons, delivered by the president of MASEN, Mustapha Bakkoury in his opening remarks to the conference, was that Morocco was not committed to a particular technology. Morocco was committed to breaking its dependence on imported fossil fuels and to taking action on climate change. In response to the market research that MASEN conducted, the national power utility made clear that its greatest need was in the early evening once the sun had gone down. That was when demand for electricity reached a peak.
CSP, with its thermal storage, could be depended upon to meet that demand. While photovoltaic has far lower capital costs, it can only generate electricity when the sun is shining. In recognition of the true value of CSP, Morocco was ready to invest. Another lesson was the importance of concessional financing, in the short and medium term, in meeting the greater capital costs of CSP. 3 billion from the World Bank Group, the African Development Bank and other European financing institutions. With each new CSP project comes new technological advances and further drops in costs. NOOR I can store three hours’ worth of energy, while NOOR II and III will store seven hours’ worth.
Examples from around the world include the Redstone CSP plant South Africa announced in 2015, which will have 12 hours of energy storage. Concessional financing will still be needed, but bringing in the private sector is critical for scaling up investments in CSP technology and attracting other sources of financing. Head of Acwa Power, Paddy Padmanathan, who was in Casablanca, was part of consortiums that had winning bids for both the NOOR and Redstone projects. Wh if you factor in concessional financing. With a pipeline of projects, the price of CSP will continue to drop added Padmanathan. However, price continues to be a major obstacle, with many opting for photovoltaic and wind for which capital costs have dropped further and faster, to half that of CSP.
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For Luis Crespo, the president of ESTELA, this is short-sighted. It misses the essential value of CSP, which is the ability to deliver electricity on demand, day or night. CSP plants are often developed in remote areas, bringing development and jobs to poorer communities. MASEN’s president, Mustapha Bakkoury talked about the effect on the local economy, that the NOOR project has provided an incentive for higher value added manufacturing for the supply of parts.
A by-product of the CSP process, steam, also has potential for a number of industrial applications. It is currently being used for the extraction of hard to reach oil deposits, but could be used for other processes that address the region’s needs, such as water desalination. Padmanathan spoke of an agricultural production company in Western Australia that pumped the steam from their CSP plant into their greenhouses, to ripen their tomatoes. The ultimate lesson of the conference was that for the region, it no longer made sense to wait on the side-lines. Morocco has taken the first, risky step and proven the value of the technology.
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In the four years since the announcement of the NOOR project, the cost of the technology has been on a downward slope, while the technology has steadily improved. If these are not reasons enough to move forward with CSP, there is always the promise of plump and juicy tomatoes. The World Bank Group, All Rights Reserved. You have clicked on a link to a page that is not part of the beta version of the new worldbank. Before you leave, we’d love to get your feedback on your experience while you were here.
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Multi-factorial pathogenesis with the hypothesis of initiation by a viral infection prominent. Before acquiring ME most patients were healthy, leading full and active lifestyles. Reaction to physical and mental activity and sensory input is unique to ME. Over-exertion can make ME worse and the effects are often delayed and may not be seen within 24 hours. The last decades have seen no major investment into correct research into myalgic encephalomyelitis.
Instead an approach to research has been taken which, despite objections from the patient community, has largely funded flawed psychiatric research about the disease. Adequate funding must be directed to biomedical research and new knowledge from other disciplines such as virology, immunology , endocrinology etc has to be brought in to help research into ME. Invest in ME Research has contributed greatly to establishing a foundation of biomedical research into ME. Correct Examinations for Patients In order to perform clinical trials the cohort of patients being used need to be correctly categorised. This demands consultants to correctly diagnose ME. This does not occur in all cases presently.
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Invest in ME Research has produced a strategy of answers to the major problems and we are attempting as best we can to effect the necessary change. Correct Examinations Our aim is to have consultants who specialise in ME performing a thorough set of examinations for people with ME. Up-to-Date Education We have implemented a plan to educate medical students by allowing them to intercalate in their fourth year of training into biomedical research projects we are funding. 800,000 in recent years for biomedical research. ME is perceived and treated in the media, by health departments and by healthcare professionals.
We concentrate on three key areas to concentrate our efforts on – funding for biomedical research, education and lobbying. Our aim is to find, fund and facilitate biomedical research into ME. TtF – Thinking the Future – Early Career Researcher Conference in London – on 28th May 2019. BRMEC9 – our ninth international Biomedical Research into ME Colloquium – held in London – on 29th – 30th May 2019. IIMEC14 – our fourteenth ME international conference in London – on 31st May 2019 at One Great George Street.
Annual General Meeting for 2019 – hosted and arranged by Invest in ME Research. Newsletter Subscribe to our free newsletter. The pages on this web site are offered as a free access information provider. The views expressed on this web site by contributors and others do not necessarily represent those of Invest in ME Research.
No medical recommendations are given or implied. Patients with any illness are recommended to consult their personal physician at all times. The views expressed at the Invest in ME Research International ME Conferences and at other Invest in ME Research conferences by the presenters and delegates to the conference and any information material distributed are their own personal opinions that are not necessarily shared or endorsed by the Trustees of Invest in ME Research. Invest in ME Research accept no responsibility for the views expressed or any subsequent action taken. The contents of any presentation should not be deemed to be an endorsement, recommendation or approval of such content by Invest in ME Research. The materials presented at the Invest in ME Research International ME Conferences do not constitute medical advice. No medical recommendations are given or implied by Invest in ME Research.