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
World Bank to Invest $1 Billion Towards Battery Storage to Promote Renewables Globally

World Bank Launches Energy Efficient Cooling Program for Developing Countries

The World Bank has established a new Efficient, Clean Cooling Program to accelerate the uptake of sustainable cooling solutions, including air conditioning, refrigeration and cold chain in developing countries. The program will ...
World Bank to Provide $224 Million for Off-Grid Solar in West Africa and Sahel

World Bank to Provide $224 Million for Off-Grid Solar in West Africa and Sahel

The  World Bank has approved an International Development Association (IDA) fund of $150 million and another $74.7 million contingent recovery grant from the Clean Technology Fund to help increase off-grid ...
/ / Off-grid, Solar
World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

The World Bank has committed $22.5 billion to Africa for climate adaptation and mitigation in the next five years. The funding is part of the World Bank’s 2025 target to accelerate ...
/ / Finance and M&A, Other
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

The Government of the Republic of Maldives has invited investors and developers to install a 5 MW grid-tied solar photovoltaic system in the Greater Malé Region. The scope of work ...
/ / Solar, Tenders & Auctions
Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

Month in a Minute: Major News Highlights from India’s Solar Industry in December 2018

The last month of 2018, December, witnessed some key announcements in the Indian renewable sector. India’s solar installations reached 6.6 GW with large-scale projects making up 5,382 MW and rooftop ...
/ / Markets & Policy, Solar
India Generated 5.3 Billion Units of Solar Power in Q3 2017

Electricity Demand in India Will Almost Triple Between 2018 and 2040: World Bank

More than 250 million people in South Asia live without access to electricity, which is a quarter of the global population living off the grid, reveals a new report In ...
/ / Grid, Market & Policy
Average Peak Power Supply Deficit Rose to 2% Across India During FY 2017-18

World Bank and AFD to Launch Solar Risk Mitigation Initiative in Emerging Economies

The World Bank and Agence Française de Développement (AFD), France’s public development bank, have announced that they are jointly working on a Solar Risk Mitigation Initiative (SRMI) to improve solar energy deployment in some ...
/ / Markets & Policy, Solar
: Wind, Reverse Auctions, PPA, SECI, ISTS

World Bank Launches New Version of Global Wind Atlas for Onshore and Offshore Wind

The World Bank Group in partnership with the Department of Wind Energy at the Technical University of Denmark (DTU Wind Energy) has launched the Global Wind Atlas 2.3. The Global Wind Atlas ...
/ / Other, Wind
World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022

World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022

The Kenyan government has launched a new program called Kenya National Electrification Strategy (KNES). The ambitious program has been developed in partnership with the World Bank and it aims to provide a ...
/ / Markets & Policy, Solar
ENGIE And STOA Form Joint-Venture to Develop Wind Projects in India

World Bank Pledges $200 Billion to Combat Climate Change

Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
/ / Other, Renewable Energy
World Bank Offers $310 Million Loan to Reform Jharkhand’s Power Transmission System

World Bank Offers $310 Million Loan to Reform Jharkhand’s Power Transmission System

Helping another Indian state in turning around the face of its energy infrastructure, the World Bank has now come forward with a $310 million loan assistance for Jharkhand. The agreement, ...
/ / Grid, Grid Optimization
Global Floating Solar Capacity Crosses 1 GW, Has the Potential to Exceed 400 GW_ Report

Global Floating Solar Capacity Crosses 1 GW, Has the Potential to Exceed 400 GW: Report

Floating solar technology is emerging as a panacea for densely populated counties where land is a constraint. According to a market report “where sun meets water” produced by the World ...
/ / Floating Solar, Solar
USTDA to Support 41 MW Wind-Solar Hybrid Project in Andhra Pradesh

Second Extension Given to SECI’s 160 MW Solar-Wind Hybrid Tender with Storage

The Solar Energy Corporation of India (SECI)  has extended the bid submission deadline yet again for 160 MW of solar-wind hybrid power project with battery energy storage system (BESS) at Ramagiri, ...
/ / Solar, Tenders & Auctions
World Bank Launches Solar Revolving Fund for Expansion of Rooftop Solar in Gaza

World Bank Launches Solar Revolving Fund for Expansion of Rooftop Solar in Gaza

On October 10th, the World Bank officially launched Gaza Solar Revolving Fund, a pilot project with the Palestinian Energy Authority to install rooftop solar in Gaza for residential consumers, businesses, and ...
/ / Rooftop, Solar
GRIDCO Asks Bidders to Match Lowest Tariff Quoted at its 200 MW Solar Auction

IFC to Finance 50 MW Solar Project in Sierra Leone

Sierra Leone’s Ministry of Finance has signed a $40 million agreement with the International Finance Corporation, a sister organization of the World Bank, for the development of a 50 MW ...
/ / Markets & Policy, Solar
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank ...
/ / Markets & Policy, Solar
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects

IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue has attracted strong investor demand, ...
/ / Other, Renewable Energy
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

IFC to Continue Supporting Private Sector Investments in Europe and Central Asia

The International Finance Corporation (IFC) has announced that it has expanded its operations in Europe and Central Asia with investment commitments reaching $2.9 billion. The organization is focusing on driving ...
/ / Markets & Policy, Solar