The Central African nation of Niger is the latest country to join the World Bank‘s Scaling Solar initiative, the multilateral lender announced today.
The World Bank's private-sector arm, the International Finance Corp (IFC), said it would work with Niger's Ministry of Petroleum, Energy and Renewable Energy and state-owned utility Société Nigérienne d'Électricité to attract private-sector investment to help tender and develop 50 MW of solar generation capacity.
That would amount to around 20% of the nation's total power generation capacity, said the IFC on its website today, as the government aims to source 30% of its power from renewables by 2035.
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