News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
29
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
The Stage
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
19
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
23
o
North
29
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
USAID spearheads launch of first Solar & Renewable Energy Fund to combat energy crisis
Lebanon News
2023-03-17 | 06:22
High views
Share
Share
2
min
USAID spearheads launch of first Solar & Renewable Energy Fund to combat energy crisis
The United States Agency for International Development (USAID), launched the first-of-its-kind Solar & Renewable Energy Fund in Lebanon. The fund aims to provide much-needed financial support to local businesses that have been struggling in the current economic crisis and help them adopt sustainable energy sources.
The launch event was attended by a number of prominent figures, including the Minister of Energy Fayyad, Minister of Environment Yassin, and Minister of Industry Bouchikian; Berytech Chairman and CEO, Maroun Chammas; General Manager of IM Capital, Dr. Nicolas Rouhana; TIF Chief of Party, Mark Rostal; and US Ambassador Dorothy, who delivered an inspiring speech.
Ambassador Dorothy emphasized the United States' ongoing commitment to Lebanon's energy sector. She highlighted the recent launch of the $30 million INARA project and the announcement of 22 new renewable energy projects in Lebanon by USAID Administrator Samantha Power last November.
The Solar & Renewable Energy Fund, established with $4 million in seed capital from USAID, aims to secure an additional $16 million from private investors and other donors. The fund will provide loans to enterprises at commercial rates, enabling them to purchase and install solar systems. It is anticipated that loans will be repaid within two to three years, due to savings from reduced reliance on diesel generators.
The fund is expected to support the purchase and installation of solar generation systems for at least 25 businesses, helping them cut their operating costs by at least 20 percent. This initiative will reduce expenditures on electricity, boost productivity, and protect Lebanese jobs.
Ambassador Dorothy urged potential investors to consider investing in the Solar & Renewable Energy Fund, highlighting the opportunity to earn commercial returns while supporting Lebanese enterprises. With the combined efforts of investors and USAID's expertise, the fund aims to build a cleaner, more productive future for Lebanon.
Lebanon News
USAID
Launch
First
Solar
Renewable
Energy
Fund
Sustainable
Energy
Sources
INARA
Project
Next
Presidential elections 101: Who are the two candidates ahead of the next presidential elections session?
Pierre el-Daher, the man who defeated the Lebanese Forces
Previous
Recommended For You
d-none hideMe
0
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
0
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
0
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
0
News Bulletin Reports
2024-07-25
Border negotiations: Lebanon’s coordinated efforts for long-term border stability
News Bulletin Reports
2024-07-25
Border negotiations: Lebanon’s coordinated efforts for long-term border stability
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Israel-Gaza War Updates
2024-07-19
Blinken: Israel-Hamas ceasefire close to the goal line
Israel-Gaza War Updates
2024-07-19
Blinken: Israel-Hamas ceasefire close to the goal line
0
Middle East News
2024-04-13
Alarm sirens sound in Northern Israel on Lebanon border
Middle East News
2024-04-13
Alarm sirens sound in Northern Israel on Lebanon border
0
Lebanon News
2024-05-02
Lebanon's Minister Ali Hamie warns of Israeli threat to air navigation safety
Lebanon News
2024-05-02
Lebanon's Minister Ali Hamie warns of Israeli threat to air navigation safety
0
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
Videos
d-none hideMe
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
0
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
Lebanon News
2024-07-11
Hezbollah's Ibrahim Moussawi to CNN: Regional powers do not seek full-scale conflict
0
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
Lebanon News
2024-07-09
Hezbollah’s "Hudhud" shows new footage of Israeli sites
0
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
Lebanon News
2024-06-18
Hezbollah scouts areas in northern Israel: What the hoopoe came back with (Video)
0
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
Lebanon News
2024-06-12
Over 100 rockets launched from southern Lebanon toward northern Israel (Video)
0
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
Lebanon News
2024-06-10
Video shows Israeli drone downing in Iqlim al-Tuffah, South Lebanon
0
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
Middle East News
2024-05-21
Funeral ceremony of the Iranian president begins in Tabriz (Video)
0
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
2024-05-14
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
Lebanon News
10:32
The Countdown Is On! Summer's Most Awaited Event: Miss Lebanon, Live Tomorrow at 8:30 PM on LBCI and lbcgroup.tv
2
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
Lebanon News
10:42
US President Biden issues deferred enforced departure for Lebanese nationals, protecting them from deportation for 18 months
3
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
Lebanon News
11:33
US President Biden’s deferred enforced departure for Lebanese nationals is not an indication of imminence of further escalation
4
Lebanon Economy
02:19
Fuel prices decrease in Lebanon
Lebanon Economy
02:19
Fuel prices decrease in Lebanon
5
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
Middle East News
00:05
Rockets launched at Ain al-Asad airbase in Iraq, no casualties
6
World News
06:12
Airport at Franco-Swiss border evacuated for 'security reasons'
World News
06:12
Airport at Franco-Swiss border evacuated for 'security reasons'
7
World News
00:55
Harris urges Netanyahu to alleviate Gaza's suffering: 'I will not be silent'
World News
00:55
Harris urges Netanyahu to alleviate Gaza's suffering: 'I will not be silent'
8
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
News Bulletin Reports
13:05
War resolution: Netanyahu confronted with ceasefire demands in talks with US leaders
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More