New Distributed Renewable Energy For Africa Initiative
World Bank To Mobilize Private Investment In Distributed RE With A New Platform For Africa
The World Bank Group has announced the launch of the Distributed Access through Renewable Energy Scale-Up (DARES) Platform to help Africa speed up efforts to achieve universal electrification goal by 2030 and mobilize private investment into distributed renewable energy (DRE) in the continent.
Renewables To Replace South African Coal Power Plant
$497 Million World Bank Backing For South African Plan To Install 220 MW Solar & Wind & 150 MW Storage
South Africa has secured $497 million financing from the World Bank Group to decommission and repurpose its Komati Coal-Fired Power Plant with 150 MW solar PV, 70 MW wind energy and 150 MW battery energy storage system (BESS) capacity as a demonstration project for the energy transition.
‘Game Changers’ Must To Meet SDG7 Electrification Goals
World Bank & GOGLA Report Part II: 624 Million To Access Tier I Off-Grid Solar Energy Solutions By 2030
The World Bank and Global Off-Grid Lighting Association (GOGLA) project 624 million people globally to secure electricity access through tier I and above off-grid energy solutions by 2030, missing the Sustainable Development Goals 7 (SDG7) mark by 51.
China Must Target 120 GW/Year Wind+Solar Till 2030
World Bank Recommends China To Increase Wind & Solar Installed Capacity By 2030 To 1.7 TW
A new World Bank analysis recommends China to expand its 2030 wind and solar target to 1.7 TW, from 1.2 TW now—leading to up to 120 GW annually till 2030—which could advance its emissions peaking to earlier than 2030 and lead to a significant red.
Increasing Need For Off-Grid Solar
Solar Off-Grid Gains Importance As More People Miss Access To Electricity Than Pre-COVID, Claims New World Bank & GOGLA Report
Global count of people accessing energy through off-grid solar solutions grew to 490 million at the end of 2021, including 70 million having gained access between 2019 and 2021, yet 733 million are to secure this access and the number of people likel.
World Bank Finds Huge Potential For Solar Mini Grids
Solar Mini Grids Can Power 490 Million People By 2030 At $0.20/kWh; Need $127 Billion Investment: World Bank
Calling solar mini grids a ‘core solution’ for closing the energy access gap whose cost of electricity generation has dropped from $0.55 per kWh in 2018 to $0.38 per kWh now, a World Bank report sees these having the potential to serve 490 millio.
Scaling Solar RfP For 50 MW In Togo
Togo Issues Request For Proposal For 50 MW Solar Under Scaling Solar Program of World Bank
The Government of Togo has launched a call for request for proposals (RFP) from shortlisted bidders for 50 MW grid connected solar PV tender launched in December 2019 under the World Bank Group’s Scaling Solar program.
World Bank’s $615 Million For Solar Power
World Bank’s Financing Agreement For Clean Energy Based Rural Electrification In Bangladesh & Yemen
The World Bank has approved $515 million in financing to support 150 MW new rooftop solar capacity come onto the grid in Bangladesh through solar metering connections for over 100 customers.
India PV News Snippets
World’s Bank’s $165 Million For 450 MW Residential Rooftop PV & More From Biocon, ReNew, Skyfri
The World Bank is lending $165 million to support residential rooftop solar in India; Biocon is picking up 26% stake in AMPYR’s 30 MW solar plant; ReNew, UNEP & SEWA to train women workers as solar technicians; Skyfri bags Kerala floating solar project from BHEL.
Nigeria’s Lagos Wants 1 GW Solar PV Capacity
World Bank To Back Lagos’ Plans To Realize 1 GW Distributed PV By 2030
The Nigerian state of Lagos is planning to build 1 GW solar PV capacity by 2030, to address the demand supply deficit for grid-based electricity, and the World Bank is to help it implement it in the form of distributed PV (DPV) projects.
23 MW Solar Power Plant Online In Senegal
Germany Financed Diass Solar Project In Senegal Connected To Grid
Financed by the German development agency KfW, 23 MW Diass Solar Power Plant has come online in Senegal and was recently inaugurated by the country’s President Macky Sall along with German Chancellor Olaf Scholz.
Technical Consultant For Mini-Grids In Rwanda
Rwanda’s Development Bank Prepping For Round 3 Of Renewable Energy Fund
The Development Bank of Rwanda (BRD) is looking for a consultant to provide technical and engineering services for round 3 of its $48.9 million funding round to be launched for the implementation of the Renewable Energy Fund (REF).
Global Interconnected Solar Power Grids
India, UK, World Bank & ISA Launch Green Grids Initiative At COP26
India and the UK governments have launched the Green Grids initiative (GGI)—One Sun One World One Grid (GGI-OSOWOG). This is aimed to establish the world’s 1st international network of globally interconnected solar power grids.
World Bank Approves $168 Million For Burkina Faso
World Bank To Help Burkina Faso Competitively Procure 325 MW Solar & 335 MWh Battery Storage In Phases; Says $168 Million Financing To Also Mobilize $400 Million In Private Investment
The World Bank has approved financing worth $168 million for the Burkina Faso Solar Energy and Access Project (SEAP) to enable the country’s transition to clean energy, and support clean energy access for close to 300 selected rural localities and .
60 MW Scaling Solar Tender Launched In Côte d’Ivoire
Côte d’Ivoire Energy Ministry & CI-Energies, With Support From IFC, Launch 60 MW Solar Tender Under World Bank’s Scaling Solar Program
The African nation of Côte d’Ivoire has launched a 60 MW solar power tender under its arrangement with the World Bank backed Scaling Solar Program which it joined in November 2019 (see Côte d’Ivoire Joins World Bank’s Scaling Solar Program).
$2 Billion Investment Partnership For Distributed RE
The Rockefeller Foundation Pledges $150 Million In Partnership With IFC To Mobilize $2 Billion Private Investment In Distributed Renewable Energy; Sub-Saharan Africa Initial Target Region
With an eye to mobilize up to $2 billion of private sector investment for distributed renewable energy solutions, the International Finance Corporation (IFC) has struck a partnership with The Rockefeller Foundation (RF).
Niger Enters World Bank’s Scaling Solar Club
World Bank’s Scaling Solar Program Welcomes New Member, Africa’s Niger; IFC To Help It Realize 50 MW PV Capacity ‘Quickly’ & ‘Affordably’
The World Bank’s Scaling Solar program, through which it enables countries make use of their solar irradiance to diversify their power generation capacity and take steps to become self-sufficient in the space, has welcomed a new member nation.
Maldives Wants 40 MW/40 MWh Energy Storage Capacity
Maldives Finance Ministry Seeking 40 MW/40 MWh Battery Energy Storage Systems For Select Islands To Support Ground Mounted & Floating Solar Power Capacity
The Ministry of Finance in the island nation of Maldives has sought to contract companies that can install and operate 40 MW/40 MWh battery energy storage systems (BESS) under a World Bank funded Accelerating Renewable Energy Integration and Sustainable Energy Project (ARISE).
60 MW Scaling Solar PV Capacity Commissioned In Senegal
Engie, Meridiam & FONSIS Energize 60 MW Solar In Senegal, Financed By IFC, EIB & Proparco, Under World Bank Backed Scaling Solar Program
Two solar power plants in Senegal have come online representing 60 MW AC capacity in cumulative, under the World Bank backed Scaling Solar program.
Masdar Wins Another 400 MW Scaling Solar In Uzbekistan
After Winning Maiden 100 MW PV Project Under World Bank Backed Scaling Solar Initiative In Uzbekistan, Masdar Scores 2 More Wins In Country With 400 MW Capacity Offering Lowest Winning Bids, Says IFC
Abu Dhabi Future Energy Company PJSC (Masdar) has emerged as the winner of 2 solar power projects in Uzbekistan after it offered lowest winning bid for both the auctions, announced the International Finance Corporation (IFC).
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