The Electricity Distribution Company in Gaza signed on October 10 a deal to create the largest solar energy project in the area. The project, to be carried out under Palestinian Power authority, will be funded by the International Bank funded through the Revolving Fund. It will “initially be paid for by the EU and later on the EU collect the money from the PA funds which are being held by Israel”, according to Middle East Monitor. This solar energy project emerges as an attempt to reduce the deficit of power in the Gaza Strip, bound to Israeli siege for the last 11 years (Palestinians in Gaza have only access to 4 hours of electricity per day).