By Alex Morales, Bloomberg:
The U.K. government plans to spur use of Britain’s green technology and financial expertise for geothermal and wind power projects in Ethiopia, Kenya and Tanzania by tapping billions of pounds of state funds.
Energy and Climate Change Minister Greg Barker said he will head a trade delegation, including 30 executives from 19 U.K. companies, to the East African countries from Oct. 1 to 5. The markets have the potential to develop more than 15,000 megawatts of geothermal power, as well as wind and hydropower, he said.
The low-carbon industry, including renewable generation and energy efficiency, is expected to be worth 4 trillion pounds ($6.5 trillion) by 2015, the minister said, and he wants London to remain the global center for raising “green finance… Read more