The Saudi Fund for Development (SFD) has entered into an agreement with Belize to provide financing for a 60 MW solar project valued at US$77 million. This collaboration is a significant step towards fostering sustainable development in emerging economies and Small Island Developing States.
The solar farm is expected to have far-reaching positive impacts, notably reducing emissions by 60,000 tons annually from the energy sector. Moreover, the project is set to play a pivotal role in propelling Belize's socioeconomic growth.
In addition to its environmental benefits, this solar venture will enhance the reliability of Belize's electrical network. By transitioning to clean energy sources, this small nation will further its efforts to combat climate change.
Country updates
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September 27, 2019
Launch of the Coalition for Climate Resilient Investment (CCRI)
The Government of the United Kingdom, the Government of Jamaica, Willis Towers Watson, the Global Commission on Adaptation and the World Economic Forum announced the launch of a private sector-led Coa...
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April 26, 2016
Natcore Technology has been engaged to oversee development of the project in conjunction with Catalyst565
