The Global Infrastructure Facility’s (GIF) Governing Council has approved $1.5m in funding to support the World Bank’s work with the government of Vietnam on a Solar Pilot Auction Program. The GIF, working with the World Bank’s Energy Global Practice, will help the government to design and structure the Auction Program to transition from a feed-in […]
Nigeria: First Solar Mini-Grid Commissioned In Rokota Community
The Federal government of Nigeria, through its implementing agency – Rural Electrification Agency (REA), has facilitated the commissioning of a solar hybrid mini-grid power plant in Rokota Community, Edati local government area, Niger State. The project is the first to be commissioned under the World Bank-supported Nigeria Electrification Project (NEP). It will provide clean, […]
Côte d’Ivoire Joins The World Bank’s Scaling Solar Programme
The World Bank Group, through its Scaling Solar programme, and the government of Côte d’Ivoire have signed an agreement to help the West African country develop its supply of affordable, reliable clean energy. Côte d’Ivoire has plans to reach at least 42% of its power from renewable sources by 2030. IFC, a member of the […]
World Bank’s IFC signs agreement with Côte d’Ivoire to develop clean energy
An agreement has been signed recently between the government of Côte d’Ivoire and the World Bank Group to help the African country develop its supply of affordable, reliable clean energy and reach its goal of generating at least 42 percent of its power from renewable sources by 2030. The World Bank Group has signed the […]
Bangladesh signs $185M deal with World Bank for renewable energy capacity
The Scaling-up Renewable Energy Project will focus on utility-scale solar photovoltaic (PV) and rooftop PV to expand new markets in renewable energy generation in the country. The government of Bangladesh today signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, […]
Electric vehicles will help in cutting imports and pollution: Nitin Gadkari
Nitin Gadkari said his immediate agenda is to revive the stalled highway projects. Nitin Gadkari has lined up mega plans in his second innings as the minister of road transport & highways. In an interview with Prerna Katiyar, the Nagpur MP, who now also heads the ministry of micro, small & medium enterprises, speaks about […]
World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030
Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. The 19,000 mostly hydro- and diesel-based mini-grids that power 47 million people today could boom to 210,000 systems powering 490 million by 2030, according to the institution. Its report said […]
World Bank to Help China Develop Renewable Energy with Battery Storage
WASHINGTON: The World Bank’s Board of Executive Directors have approved a US$300 million loan for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy by deploying battery storage systems at scale. Despite having the largest installed electricity generation capacity of wind and solar power, China is […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
‘Bimstec nations could tap India’s green energy transition’
With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts. The New Delhi-based organisation CarbonCopy said the annual electricity trade potential between South Asian and Southeast Asian countries could be from 65,000 MW […]
