Nigeria to Set Up Hybrid Solar Projects for Seven Universities

Nigeria to Set Up Hybrid Solar Projects for Seven Universities

Nigeria’s Rural Electrification Agency (REA) has revised the deadline for its Nigeria Electrification Project (NEP). Under NEP, the Nigerian government plans to develop solar hybrid power stations at seven universities, ...
/ / Solar, Utility Scale
Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India

Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India

Okaya Power has bagged a World Bank-funded contract from the state-run Energy Efficiency Services Limited (EESL) to deploy 1,020 electric vehicle (EV) charging stations across the country. EESL falls under ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up_ China Adds 1.3 GW of Residential Solar Capacity in October 2020

Daily News Wrap-Up: China Adds 1.3 GW of Residential Solar Capacity in October 2020

Here are some noteworthy cleantech announcements of the day from around the world: China has installed 1.3 GW of residential solar capacity in October 2020, according to the latest data ...
/ / Other, Renewable Energy
World Bank Seeks Consulting Firms for a Floating Solar Project in Odisha

World Bank Seeks Consulting Firms for a Floating Solar Project in Odisha

The World Bank has floated an expression of interest (EoI) seeking consulting firms to help it explore the potential of a floating solar project in Odisha. The floating solar project ...
Daily News Wrap-Up_ Tamil Nadu Transmission Corp Picks Enzen for Smart Grid Solutions

Daily News Wrap-Up: Tamil Nadu Transmission Corp Picks Enzen for Smart Grid Solutions

Here are some noteworthy cleantech announcement of the day from around the world: Trafigura Group has formed a new company to invest in a series of solar, wind, and power ...
/ / Other, Renewable Energy
IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal

IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal

International Finance Corporation (IFC), the financial arm of the World Bank Group, is advising its clients in the financial sector to increase their climate-related lending, reducing their exposure to coal ...
/ / Other, Other Energy
ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

The International Solar Alliance (ISA), the World Bank, and the Ministry of New and Renewable Energy (MNRE) signed a Memorandum of Understanding (MoU) to implement the ‘One Sun One World ...
/ / Markets & Policy, Solar
ISA to Host World Solar Technology Summit to Promote Latest Advancements

ISA to Host World Solar Technology Summit to Promote Latest Advancements

The International Solar Alliance (ISA) will organize the first-ever World Solar Technology Summit (WSTS)  on Tuesday, September 8, 2020. The summit will bring together key stakeholders - leading academic scientists, ...
/ / Markets & Policy, Solar
Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019

Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019

In 2019, seven of the world’s largest multilateral development banks (MDBs) provided $61.6 billion (~₹4.6 trillion) in climate financing, out of which $41.5 billion (~₹3.09 trillion) was offered to low-income ...
/ / Finance and M&A, Other
World Bank Grants $300 Million to Promote Electricity Trade in West Africa

World Bank Grants $300 Million to Promote Electricity Trade in West Africa

The World Bank announced that it would provide $300 million (~₹22.50 billion) to the International Development Associations (IDA) to accelerate reforms to promote electricity trade in West Africa. The grant ...
/ / Finance and M&A, Other
World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas

World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas

The World Bank has signed an agreement with the Government of Myanmar to provide off-grid solar products to 450,000 people in rural Myanmar. The result-based financing for off-grid solar products ...
/ / Off-grid, Solar
By 2050, Mineral Demand to Soar by 500% Pushed by Renewable Expansion_ World Bank

By 2050, Mineral Demand to Soar by 500% Pushed by Renewable Expansion: World Bank

The World Bank Group (WBG) has released a report that said demand for key minerals used in clean energy technology could grow almost 500% by 2050 to meet growing demand ...
Rooftop Market Needs SBI World Bank Funds to be Disbursed Quickly in Tough Times

Rooftop Solar Market Needs SBI World Bank Funds to be Disbursed Quickly in Tough Times

The rooftop solar has struggled to catch on in India with just over 4 GW installed compared to the government goal of developing 40 GW by 2022. The market declined ...
Bank of Bangladesh Adds €200 Million to its Green Transmission Fund

Bank of Bangladesh Adds €200 Million to its Green Transmission Fund

The Bank of Bangladesh has decided to introduce €200 million (~₹16.38 billion) along with the existing $200 million (~₹15 billion) for the Green Transmission Fund (GTF). Accordingly, the participating authorized ...
180 Million Off-Grid Solar Units Sold Worldwide Since 2010

180 Million Off-Grid Solar Units Sold Worldwide Since 2010

A new report published by the World Bank and GOGLA (Global Off-Grid Lighting Association) shows that the off-grid solar (OGS) industry has been showing robust growth and has grown into ...
/ / Uncategorized
IFC Backs Standard Bank of South Africa’s Green Bond Issue with $200 Million Investment

IFC Backs Standard Bank of South Africa’s Green Bond Issue with $200 Million Investment

The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it has invested ₹200 million (~₹14.7 billion) in the Standard Bank of South Africa’s ...
/ / Finance and M&A, Other
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...
Togo Announces Tender for 60-80 MW of Solar Projects

Togo Announces Tender for 60-80 MW of Solar Projects

Togo has floated a tender for two solar PV projects with an estimated capacity ranging between 60-80 MW. The projects in Kpalassi, located in the Kara region, and Salimdè in ...
/ / Solar, Tenders & Auctions
IFC to Help Bangladesh Develop a 35 MW Solar Project Through Public-Private Partnership

IFC to Help Bangladesh Develop a 35 MW Solar Project Through Public-Private Partnership

The International Finance Corporation (IFC), the financial arm of the World Bank, has joined hands with the Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh to develop a 35 ...
/ / Solar, Utility Scale
Madhya Pradesh Seeks Consultants for Environmental Assessment of Three Solar Parks

Madhya Pradesh Seeks Consultants for Environmental Assessment of Three Solar Parks

Rewa Ultra Mega Solar Limited (RUMSL) has issued a request for proposal (RfP) for consultancy services for Environmental and Social Impact Assessment (ESIA) of three solar parks in the state ...
IFC Extends Financing Package for 60 MW of Solar Projects in Senegal

IFC Extends Financing Package for 60 MW of Solar Projects in Senegal

The International Finance Corporation (IFC), the financial arm of the World Bank, has finalized the financing of two grid-connected solar photovoltaic (PV) projects aggregating 60 MW in Senegal. The finalization ...
/ / Finance and M&A, Solar
World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

The World Bank has approved $300 million in loans for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy. “This project ...
/ / Finance and M&A, Other
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the Sustainable Energy ...
World Bank to Assist in  Sustainable Extraction of Minerals for Wind, Solar Projects

World Bank to Assist in Sustainable Extraction of Minerals for Wind, Solar Projects

To realize a lower-carbon future, there will be a substantial increase in demand for several key strategic minerals and metals to manufacture cleaner energy technologies.  Keeping this in perspective, the World ...
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec

Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec. In 2018, Trirec was joined ...
/ / Finance and M&A, Solar