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ADB, World Bank, Solomon Islands Initiate Groundbreaking for Water Treatment Plant Upgrade – EQ Mag

HONIARA, SOLOMON ISLANDS  : The Asian Development Bank (ADB) today joined with the Government of Solomon Islands, the World Bank, Solomon Water, and members of the Kongulai Community in a groundbreaking ceremony for the Urban Water Supply and Sanitation Sector Project. Ministry of Mines, Energy, and Rural Electrification Deputy Secretary Daniel Rove led the inauguration […]

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas – EQ

S.Africa will need $500 bn to reach net zero: World Bank

South Africa, one of the world’s largest greenhouse gas emitters, will require at least half-a-trillion dollars to achieve carbon neutrality by 2050, the World Bank said Tuesday. “Financing requirements associated with the transitions could amount to 4.4 percent of GDP per year — or 8.5 trillion rand (about $500 billion)” between this year and 2050, […]

Construction of 5 solar parks underway across Iran -EQ

Solar Mini-Grids Can Power 490 Million People By 2030 At $0.20/KWh; Need $127 Billion Investment: World Bank – EQ Mag Pro

Current rate of solar mini grid deployment is not enough to achieve universal electrification goals under SDG 7, says a World Bank report From $0.55 per kWh in 2018, the cost of electricity generation through this medium has come down to $0.38 per kWh and by 2030 it should further drop down to $0.20 per […]

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas – EQ

India and World Bank in talks to boost financing for electric vehicles – EQ Mag Pro

Discussions under way to introduce risk-sharing mechanism to help banks hedge against loan defaults India’s government and the World Bank are in talks to introduce a risk-sharing mechanism to compensate banks giving loans for electric vehicle purchases, an official said, as the country seeks to decarbonise the transport sector. The risk instrument will help banks […]

Ather Energy ties up with BPCL to expand charging infrastructure

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 […]

A global solar transition could leave Africa in the shade -EQ

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 […]

Hydrogen subsidies | Australian solar-to-methanol project secures €24m grant — with half coming from Germany -EQ

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 […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ

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 […]

EDP Renewables and Walmart Announce 15-Year Power Purchase Agreement in Texas – EQ

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 […]

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business -EQ

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 […]

Hydrogen subsidies | Australian solar-to-methanol project secures €24m grant — with half coming from Germany -EQ