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Asian Development Bank launches solar power initiative and finances solar power plant in Thailand(17/05/2010)
Solar power investment in North America and Europe was hit by the financial crisis, leading the industry to hope for Asia to boost its spending on this form of renewable energy. The Asian Development Bank launched a $9 billion solar power initiative to develop projects generating 3,000 megawatts by 2012. The announcement, which came at the regional lending agency’s annual meeting in Tashkent, Uzbekistan, said that Central Asian countries would... [more]
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