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Report: COVID-19 Slows Progress Toward Universal Energy Access: World Bank – EQ Mag Pro

The energy crisis arising from the war in Ukraine may lead to further setbacks WASHINGTON : The COVID-19 pandemic has been a key factor in slowing progress toward universal energy access. Globally, 733 million people still have no access to electricity, and 2.4 billion people still cook using fuels detrimental to their health and the […]

Carbon capture’s methane problem: New report shows technology doesn’t live up to the hype – EQ Mag Pro

Philippines has potential for 21GW wind power by 2040: World Bank – EQ Mag Pro

MANILA : The Philippines has the potential to install 21 gigawatt of offshore wind power by 2040, equivalent to about a fifth of its electricity supply by then, according to a study released by the Department of Energy and the World Bank on Wednesday. The installation of more wind power will help cut the country’s […]

Total Eren proposes 2GW solar farm and massive green hydrogen plant in Darwin

World Bank: Lighting Up Rural Communities in Bangladesh: The Second Rural Electrification and Renewable Energy Development Project – EQ Mag Pro

Life used to come to a near standstill after sunset for the great majority of Bangladeshis living in the countryside. Only two-thirds of rural households have access to grid electricity, and they suffer from frequent power cuts. Since 2012, the Second Rural Electrification and Renewable Energy Development Project (RERED II) has helped increase access to […]

Mahindra Susten, the Cleantech arm of the Mahindra group welcomes Mr. Deepak Thakur as the new MD & CEO

Bengal secures 135 million World Bank loan to upgrade rural power distribution network – EQ Mag Pro

Kolkata, International Bank for Reconstruction and Development (IBRD) has approved a USD 135 million loan to West Bengal to improve the operational efficiency and reliability of electricity supply in select pockets in the state. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively also called the World Bank. The variable […]

Alte Leipziger Hallesche insurance group acquires 49.9% of 600 MW EnBW solar portfolio

World Bank sees ‘significant’ inflation risk from high energy prices

WASHINGTON :– Energy prices are expected to inch up in 2022 after surging more than 80% in 2021, fueling significant near-term risks to global inflation in many developing countries, the World Bank said in its latest Commodity Markets Outlook on Thursday. The multilateral development bank said energy prices should start to decline in the second […]

Mahindra Susten, the Cleantech arm of the Mahindra group welcomes Mr. Deepak Thakur as the new MD & CEO

World Bank approves loan for hydropower plant in Indonesia – EQ Mag Pro

The hydropower plant will help Indonesia to meet electricity demand and support its decarbonisation goals. The World Bank has approved a $380m loan for the development of the first pumped-storage hydropower plant in Indonesia. The loan will be used to build the 1,040MW Upper Cisokan plant located between Jakarta and Bandung. World Bank Indonesia and […]

Total Eren proposes 2GW solar farm and massive green hydrogen plant in Darwin

India, World Bank Sign $250 Mn Project For Making Dams Safe

The Indian government, the Central Water Commission, representatives from 10 participating states, and the World Bank on Wednesday signed a $250 million project for long-term dam safety programme and improving the safety and performance of existing dams across various states. New Delhi : The Indian government, the Central Water Commission, representatives from 10 participating states, […]

Alte Leipziger Hallesche insurance group acquires 49.9% of 600 MW EnBW solar portfolio

Tender for 40 MW/40 MWh of Battery Energy Storage Systems on Selected Islands in Maldives

Supply, Install, Commission, Operate & Transfer of Battery Energy Storage Systems (BESS) on Selected Islands in Maldives Last date to submit the bids is September 2, 2021 The Government of the Republic of Maldives has received financing from the World Bank toward the cost of the Accelerating Renewable Energy Integration and Sustainable Energy Project, and […]

Procurement of PV modules for Roof Top Solar system at NTPC Gadarwara.

City Climate Finance Gap Fund Approves Support For Six Cities

Free technical assistance for the preparation of early-stage climate action projects. Energy efficiency, renewable energy, sustainable mobility, waste management and water projects. The Gap Fund is supporting cities in developing and emerging economies The City Climate Finance Gap Fund (Gap Fund) announced today the second round of cities that will receive free technical assistance to […]

Greece’s PPC Renewables launches 550 MW solar plant tender – EQ Mag Pro

Why the Green Climate Fund Should Give Developing Countries Greater Direct Access to Finance

At its latest board meeting in March 2021, the Green Climate Fund (GCF) approved $1.2 billion in funding for 15 climate change projects in developing countries. However, funding for only two of these projects, or 1.5% of the total amount, went directly to developing country institutions. The GCF, one of the financial mechanisms the Paris […]

Unexpected deal would boost Biden pledge on climate change – EQ Mag Pro