Niger joins the Scaling Solar club
The government wants 30% of its power from clean energy sources by 2035 and the 50 MW of solar targeted by the World Bank would make up two-thirds of that ambition.
Universal electricity access by 2030 remains a distant dream
Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.
Romania sees first green bonds
World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.
Rising hardware costs slow Covid recovery for off-grid solar sales
The global off-grid solar appliance market began an uneven recovery from the worst ravages of the global pandemic in the second half of last year, according to market body GOGLA, but more finance and policy support must be made available to have any chance of achieving universal electricity access this decade.
Abu Dhabi deepens investment in Uzbekistani solar
Masdar’s latest, 400 MW solar project win followed hot on the heels of the award of the contract to develop a 457 MW solar field elsewhere in the central Asian nation.
South African bank secures continent’s ‘first green loan’
The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.
China’s Covid recovery saw green bond issuance rebound in second half of 2020
The $18bn worth of sustainable finance instruments floated in the nation last year marked a retreat from previous highs but, with most of the bonds issued from July onwards, the recovery is under way, according to the IFC, which is anticipating a more-than-$100 billion sector in emerging markets over the next three years.
Bangladesh launches first green bond
With the World Bank celebrating the success of a solar home system installation program which has provided electricity to an estimated 20 million people, an NGO has floated a near-$12 million environmental investment which could drive further PV capacity.
What will African nations require to produce competitive green hydrogen exports?
A robust national strategy, a portfolio of renewable energy assets, public subsidies and, ideally, existing gas pipelines will all favor African nations aiming to become exporters in the energy storage medium, participants heard at a recent two-day green hydrogen conference.
Storage and PAYG critical to deployment of African off-grid renewables
The former need not necessarily relate to conventional lithium-ion batteries, however, as a recent webinar staged by Solarpower Europe and EU body GET.invest discovered.
