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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 […]

The importance of financial viability for the net-zero transition – EQ Mag Pro

Solar Home Systems Provide Clean Energy for 20 million People in Bangladesh- World Bank

The off-grid solar electrification programme has provided electricity to approximately 16 percent of the rural population of Bangladesh. The programme was launched as a household pilot in 2003 for 50,000 families. Presently, Bangladesh has the largest off-grid solar power programme in the world enabling over 20 million Bangladeshis to access electricity. During a book launch […]

Queensland sets 80 pct renewables target for Australia’s most coal-dependent state – EQ Mag Pro

World Bank Revises Climate Policy but Doesn’t Halt Fossil Fuel Funding

Washington/Brussels : A revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming, but stops short of promising to halt funding of fossil fuels, according to a draft bank presentation seen by Reuters. The World Bank, the biggest provider of climate finance to developing countries, […]

Renewable Energy Jobs Hit 12.7 Million Globally: IRENA – EQ Mag Pro

Developing the stand-alone solar product market in the Sahel

The World Bank will add $22,5million in additional financing to the Regional Off-Grid Electricity Project to support the development of the stand-alone solar product market in West and Central Africa, with a dedicated effort to include countries from the Sahel region. The additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP) is in the […]

Dubai Supreme Council of Energy Announces Emirate’s Success in Reducing 21% of Carbon Emissions in 2021 – EQ Mag Pro

Nigerian universities to sport Africa’s largest solar hybrid project

With over half of Nigeria’s population under the age of eighteen, the future of the nation lies with its youth. Empowering this majority demographic is at the centre of the Rural Electrification Agency’s (REA) mandate, which brought to life the Energising Education Programme (EEP). The EEP’s responsibility to Nigeria’s youth is matched by its ambition. […]

Dubai Supreme Council of Energy Announces Emirate’s Success in Reducing 21% of Carbon Emissions in 2021 – EQ Mag Pro

World Bank $500m Electricity Boost For Nigeria As Country Ranks Largest In Energy Access Deficit Globally

BEVERLY HILLS: The World Bank has approved the sum of $500m to Nigeria to boost access to electricity and improve the performance of electricity distribution in Nigeria. The bank in a statement issued on Friday, said financial support would be provided to private distribution companies only on achievement of results in terms of access connections, […]

Dubai Supreme Council of Energy Announces Emirate’s Success in Reducing 21% of Carbon Emissions in 2021 – EQ Mag Pro

World’s largest floating solar project to start in MP by 2023: State Govt

The primary feasibility study of the project has been completed in collaboration with the World Bank. The project is likely to begin power generation by year 2022-23, the minister said. Bhopal: The world’s largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river in Khandwa district of Madhya Pradesh […]

Uttar Pradesh electricity regulatory commission serves notice to UPPCL chief, and six MDs for overcharging in new power connections – EQ Mag Pro

Africa Energy Access Flagship Report Off-Grid Solar

Africa Energy Access Flagship Report Off-Grid Solar The assignment forms part of the Africa Energy Access Flagship which will present a strategic investment roadmap to support SubSaharan African (SSA) countries in the path to achieve universal energy access by 2030. This assignment will focus on the off-grid solar standalone sector. Building on existing literature, especially […]

BPCL Issue Tender for Supply of 6 MW Ac Solar Power Project At its Refinery Kerla – EQ Mag Pro

World Bank lends $200m for South African renewables

The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019. The cash will be used to finance renewable energy projects in the coal-dependent nation. The […]

Dubai Supreme Council of Energy Announces Emirate’s Success in Reducing 21% of Carbon Emissions in 2021 – EQ Mag Pro

Okaya Bags Contract from EESL to Set Up 1,020 EV Charging Stations all over India

OKAYA has achieved a notable distinction by securing a significant World Bank-funded contract from Energy Efficiency Services Limited (EESL) for the deployment of 1020 EV charging stations across India OKAYA, a flagship company of Okaya Power Group has announced to have bagged a major World Bank-funded contract from Energy Efficiency Services Limited (EESL), a JV […]

Electric vehicle charging stations to become much easier to find in Georgia – EQ Mag Pro