The World Bank will add $22,5million in additional financing to the Regional Off-Grid Electricity Project to support the development of the stand-alone solar product market in West and Central Africa, with a dedicated effort to include countries from the Sahel region. The additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP) is in the […]
Nigerian universities to sport Africa’s largest solar hybrid project
With over half of Nigeria’s population under the age of eighteen, the future of the nation lies with its youth. Empowering this majority demographic is at the centre of the Rural Electrification Agency’s (REA) mandate, which brought to life the Energising Education Programme (EEP). The EEP’s responsibility to Nigeria’s youth is matched by its ambition. […]
World Bank $500m Electricity Boost For Nigeria As Country Ranks Largest In Energy Access Deficit Globally
BEVERLY HILLS: The World Bank has approved the sum of $500m to Nigeria to boost access to electricity and improve the performance of electricity distribution in Nigeria. The bank in a statement issued on Friday, said financial support would be provided to private distribution companies only on achievement of results in terms of access connections, […]
World’s largest floating solar project to start in MP by 2023: State Govt
The primary feasibility study of the project has been completed in collaboration with the World Bank. The project is likely to begin power generation by year 2022-23, the minister said. Bhopal: The world’s largest floating 600 MW solar energy project to be constructed at Omkareshwar dam on Narmada river in Khandwa district of Madhya Pradesh […]
Africa Energy Access Flagship Report Off-Grid Solar
Africa Energy Access Flagship Report Off-Grid Solar The assignment forms part of the Africa Energy Access Flagship which will present a strategic investment roadmap to support SubSaharan African (SSA) countries in the path to achieve universal energy access by 2030. This assignment will focus on the off-grid solar standalone sector. Building on existing literature, especially […]
World Bank lends $200m for South African renewables
The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019. The cash will be used to finance renewable energy projects in the coal-dependent nation. The […]
Okaya Bags Contract from EESL to Set Up 1,020 EV Charging Stations all over India
OKAYA has achieved a notable distinction by securing a significant World Bank-funded contract from Energy Efficiency Services Limited (EESL) for the deployment of 1020 EV charging stations across India OKAYA, a flagship company of Okaya Power Group has announced to have bagged a major World Bank-funded contract from Energy Efficiency Services Limited (EESL), a JV […]
Pakistan should implement scale-up of solar and wind generation: World Bank
The Variable Renewable Energy (VRE) Integration and Planning Study finds that Pakistan needs to urgently implement a major expansion of solar and wind (“variable renewable energy”, or VRE), to achieve a share of at least 30% of total capacity by 2030. new World Bank study launched today suggests that Pakistan should quickly implement a major […]
World Bank offers $4.6m credit for off-grid solar panels and cook stoves in Kenya pv magazine International
Some 19 off-grid photo voltaic firms working in Kenya have been provided entry to KES500 million ($4.6 million) of credit score as a part of the $150 million Kenya Off-grid Solar Access Program (KOSAP) financed by the World Bank. With the KOSAP initiative aiming to carry solar energy to 250,00zero off-grid Kenyan households and companies […]
India to link power grid with Middle East, SEA to export excess electricity
Officials from the Ministry of New and Renewable Energy said they would be making an assessment of renewable energy potential of countries in the region. NEW DELHI: India is drawing up plans to link its electricity grid with Gulf countries to the west and South East Asian nations on the other side in order to […]