Masdar, EDF sign MOU to develop sub-Saharan Africa’s off-grid sector
A Memorandum of Understanding (MOU) has been signed by Masdar, the Abu Dhabi Future Energy Company, and EDF SA, the parent company of the EDF Group, to develop off-grid projects in sub-Saharan African countries.
$102.6 million guaranteed for 250 MW Egyptian PV project
World Bank Group member, the Multilateral Investment Guarantee Agency (MIGA), has pledged to provide financial support for six solar power plants in Egypt, the accumulative capacity of which stands at 250 MW.
Macron climate summit draws big announcements, but they still fall short
A number of parties used the One Planet Summit in France yesterday to either reaffirm clean financing commitments, or unveil new ones. However, the figures still fall short of the US$6.3 trillion the OECD has calculated is needed annually.
India-World Bank signs $100 million loan agreement for Solar Parks
India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
Off-grid solar has saved $5bn in energy spending since 2010, finds World Bank Group, GOGLA report
Despite 7% lower product sales, the latest global Off-grid solar market report from the World Bank Group reveals that market is thriving. However, industry needs to move quicker if it is to achieve global 2030 universal energy access goal.
World Bank’s Lighting Africa initiative set to deliver more solar to Tanzania
A two-year consumer education campaign in Tanzania to promote solar off-grid lighting and energy products in off-grid communities has been jointly announced by the World Bank-IFC. Program is part of Lighting Africa project designed to provide accessible and cheap solar products.
World Bank, EVN install solar measurement stations in Vietnam
The World Bank and Electricity of Vietnam (EVN) have installed five solar measurement stations across Vietnam, as part of a campaign to promote the deployment of renewable energy.
Vietnam to launch PV auctions with World Bank
The Vietnamese authorities, in cooperation with the World Bank, have revealed plans to launch a pilot auction program for solar projects, according to a local media report.
Haitian energy entrepreneurs call for investment security
At an international PV conference held in the Haitian capital Port-au-Prince, companies were demanding improvements to the political framework for the development of solar power in the country. Additionally, calls were made for low interest loans for private individuals, to cover initial investment in a PV system.
