Global floating solar installations had reached 1.1GW as of September this year, a huge rise from just 10MW at the end of 2014, according to the first report on floating PV from the World Bank and Solar Energy Research Institute of Singapore (SERIS).
The International Finance Corporation (IFC) has signed an agreement with the government of Afghanistan to design and tender a 40MW solar plant that will set a new model for subsequent projects and support the country’s 2GW of PV goal.
juwi Shizen bags EPC order for 42MW Japan solar plant, Financiers plan renewables for 9,300 Solomon Islanders, World Bank to provide US$250 million loan for electricity distribution sector reforms in Rajasthan, India.
The World Bank will provide US$125 million in additional financing for the Noor-Midelt 1 and II plants, which include a combination of concentrated solar power (CSP) and PV.
The World Bank and the Government of the Republic of the Marshall Islands launched two climate change related projects that will boost investment in renewable energy and spur energy efficiency.
The World Bank has signed a US$55 million financing agreement with the government of Bangladesh to expand renewable energy applications in rural areas.
Armenia’s Ministry of Energy Infrastructure and Natural Resources has issued a letter of award (LoA) to a consortium of Fotowatio Renewable Venture (FRV) and FSL Solar to help bring a 55MW solar project closer to reality.
The World Bank will provide a US$50 million grant for off-grid solar systems in Yemen to improve access to electricity and vital basic services in rural and outlying urban areas.
Indian Renewable Energy Development Agency Limited (IREDA) has signed an agreement with Rewa Ultra Mega Solar Limited (RUMSL) to finance two major solar parks in the state of Madhya Pradesh with a first loan of INR2.1 billion (US$33 million).
