Renewable Energy Projects In Lebanon Are Reportedly On Hold Due To Lack Of Financing

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Lebanon
  • Date: 28-Jun-2022
  • Source: The961
  • Sector: Oil & Gas
  • Country: Lebanon
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Renewable Energy Projects In Lebanon Are Reportedly On Hold Due To Lack Of Financing

Minister of Energy and Water, Walid Fayad, revealed on Monday the main reason behind the small growth in energy renewables in Lebanon. According to Renewables Now, the Minister delivered a speech at Siemens Energy Week to announce that “the rollout of renewable energy in Lebanon is sputtering due to the lack of financing.” He then explained that it is not currently possible to receive financing from local banks and the financing from international banks depends on the agreement with the […]

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Minister of Energy and Water, Walid Fayad, revealed on Monday the main reason behind the small growth in energy renewables in Lebanon. According to Renewables Now, the Minister delivered a speech at Siemens Energy Week to announce that “the rollout of renewable energy in Lebanon is sputtering due to the lack of financing.” He then explained that it is not currently possible to receive financing from local banks and the financing from international banks depends on the agreement with the […]