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.
IFC invests $103m in India’s solar green bonds
The private sector financing arm of the World Bank has subscribed to India’s first official Green Bonds via a $103 million investment in L&T Infrastructure Finance Company, which is a subsidiary of L&T Finance Holdings.
Mongolia gets $54.4 million to improve grid and build 10 MW solar plant
The two projects will be funded by the World Bank and the Scaling-Up Renewable Energy Program under the Strategic Climate Fund
IFC reportedly invests $60 million into Jinko Malaysia
The Chinese PV manufacturing giant’s Malaysian arm has reportedly received a $60 million financing package from the IFC.
World Bank approves $480 million guarantee to promote solar and renewables in Argentina
The World Bank will promote the development of large-scale renewable energy and solar projects across Argentina with a $ 480 million guarantee. The funds will be used to support projects being implemented under the country’s RenovAr program for renewable energies.
World Bank mandates 500 MW of new solar capacity for Zambia
Zambian government signs agreement for the second tranche of the World Bank’s Scaling Solar program, which will support the construction of up to four solar PV plants in the country.
