Banking sector discusses financing schemes for renewable energy systems in Bahrain

Under the patronage of H.E. Dr. Abdul Hussain bin Ali Mirza the Minister of Electricity and Water Affairs, the Sustainable Energy Unit (SEU) with the support of the United Nations Development Programme (UNDP) and in cooperation with the Economic Development Board (EDB) organized last week 22nd February 2018 the workshop on Designing Financing Schemes for Decentralized Solar PV Systems for Bahrain’s banking sector. The workshop follows the Cabinet endorsement of the Net Metering Resolution on 28 December 2017 and is an integral part of the strategy to implement and promote renewable energy development in the Kingdom of Bahrain.

The workshop discusses details of the Net Metering Policy and its implications for the banking sector. The Net Metering Resolution enables all residential, commercial and industrial customers in the Kingdom of Bahrain to install solar systems and connect them to EWA electricity network. The banking sector has an instrumental role in this process as it supports the successful implementation of the policy and facilitate the uptake of solar energy market in the Kingdom.

Enhancing banks’ capacity to design and to implement Policy-specific financing schemes will allow the sector to tap into a new market and positively enable Bahrain to achieve the national goals. The workshop also provides an excellent opportunity for the banking sector to meet leading experts in the areas of finance, investment and renewable energy and discuss their contribution to building a sustainable future.

This event is the first in the series of workshops tailored to meet the needs and interests of the banking sector in Bahrain. The increasing demand in renewable energy and energy efficiency solutions in Bahrain creates great investment opportunities and a demand in accessible financing schemes for local, regional and international enterprises.

2018-07-12T12:51:17+00:00 February 13th, 2018|Press releases|