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Johannesburg - The World Bank's Clean Technology Fund plans to invest $85m in renewable energy and co-generation projects in South Africa, according to an advertisement in the Business Day newspaper on Friday.
The fund said it had $50m available for wind and solar renewable energy projects and $35m for co-generation, where waste energy and gases are used to produce power.
The $85m was part of a total $150m allocated for investment in South Africa, with the remainder being managed by the African Development Bank.
Power utility Eskom has said it will conduct more research in clean technology as it seeks a new World Bank loan to finance renewable energy power projects.
The World Bank in April approved a controversial $3.75bn Eskom loan to develop a coal-fired power plant in South Africa despite the lack of support from the country's key Western allies.
The fund said it had $50m available for wind and solar renewable energy projects and $35m for co-generation, where waste energy and gases are used to produce power.
The $85m was part of a total $150m allocated for investment in South Africa, with the remainder being managed by the African Development Bank.
Power utility Eskom has said it will conduct more research in clean technology as it seeks a new World Bank loan to finance renewable energy power projects.
The World Bank in April approved a controversial $3.75bn Eskom loan to develop a coal-fired power plant in South Africa despite the lack of support from the country's key Western allies.
