Abu Dhabi-based renewables firm Masdar has selected the International Finance Corporation (IFC) to oversee funding of Jordan’s largest solar plant, standing at 200MW.
The World Bank's groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.
Tim Buckley, director of energy finance studies, Australasia, Institute of Energy Economics and Financial Analysis (IEEFA), explains how significant this loan is for India and what else will be driving the targeted US$100 billion solar investment by 2022.
The State Bank of India (SBI) has signed agreements with the World Bank for a US$625 million facility specifically to support India’s grid-connected rooftop solar programme.
The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030.
Private infrastructure investment in solar energy during 2015 grew to US$9.4 billion, 72% higher than the average of the previous five years, according to new World Bank figures.
The World Bank will finance various energy, water and infrastructure projects in northern Kenya under its US$1.1 billion North-eastern Kenya Development Initiative, according to reports.
The World Bank Group unveiled an ambitious new plan to aid developing countries fulfil their COP21 pledges by adding 30GW of renewable energy – doubling its current contributions to global energy capacity.
One in three off-grid households worldwide will use solar products by 2020, according to a new report from the World Bank and Bloomberg New Energy Finance (BNEF).
