U.S. Climate Finance

Algeria is partnering with the African Development Bank, the International Finance Corporation, and the World Bank to implement a Clean Technology Fund (CTF) investment plan that uses $160 million of concessional CTF financing to mobilize $892 million in total investments in utility-scale concentrated solar power (CSP). This program is part of a broader CTF initiative to install a gigawatt of CSP across North Africa and the Middle East. The United States contributed $230 million to the CTF in 2012.