[Solar: Palestine Launches Shamsi Program to Fund Municipal Solar]

Published: May 11, 2026 09:29
The Palestine Monetary Authority (PMA) has launched the 'Shamsi Palestine' program with an initial $25 million pool—$20M from PMA and $5M from donor nations Austria, Finland, and Norway. This integrated model provides loans and grants to local authorities for solar projects with repayment terms of up to 7 years. Supported by the UNDP, the initiative aims to reduce energy costs, strengthen public finances, and enhance national energy security by decreasing reliance on imported power.

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