China joins $2bn South Africa fund

In this photo taken Sunday, Jan. 31, 2010, a wind turbine is used to generate electricity near the small town of Darling situated on the outskirts of Cape Town, South Africa. Across the world renewable energy sources are being tested, including wind turbines for generating electricity. (AP Photo/Schalk van Zuydam)

The finance will encourage more wind farms like this one near Cape Town

Standard Bank has signed a 20bn rand ($2.18bn) agreement with the Industrial and Commercial Bank of China (ICBC) to jointly fund renewable energy projects in South Africa.


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