The Central Bank announces lending and financing renewable energy projects in Iraq
The Central Bank announces lending and financing renewable energy projects in Iraq
2021-07-07 00:24
Shafaq News/ The Central Bank of Iraq announced on Wednesday the financing and lending of renewable energy projects in residential complexes in the country.
In a statement received by Shafaq News Agency, the Central Bank said that, in line with international obligations towards reducing greenhouse gas emissions, the Paris Climate Agreement and reducing fuel uses, the Central Bank of Iraq decided to work to encourage the adoption of energy production tools from renewable sources, and to work with the Higher Committee for Lending to ensure the processing of a percentage of of electric energy generated from renewable energy sources (solar panels) in the residential investment complexes benefiting from the initiative.
He referred to coordination with the Industrial Bank to finance the purchase of electricity generation systems from the sun for citizens’ homes or projects, and in order to provide part of the electrical energy required by the work of the Central Bank, he decided to acquire electrical power generation systems and install them on his buildings in Baghdad and its branches.
The Central Bank stressed the encouragement of all licensed banks and institutions wishing to equip clean energy systems to interact with this trend and present their offers and expertise to this bank and the rest of the state institutions and the private sector.
shafaq.com
