An agreement has been signed recently between the government of Côte d’Ivoire and the World Bank Group to help the African country develop its supply of affordable, reliable clean energy and reach its goal of generating at least 42 percent of its power from renewable sources by 2030. The World Bank Group has signed the […]
Bangladesh signs $185M deal with World Bank for renewable energy capacity
The Scaling-up Renewable Energy Project will focus on utility-scale solar photovoltaic (PV) and rooftop PV to expand new markets in renewable energy generation in the country. The government of Bangladesh today signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, […]
Electric vehicles will help in cutting imports and pollution: Nitin Gadkari
Nitin Gadkari said his immediate agenda is to revive the stalled highway projects. Nitin Gadkari has lined up mega plans in his second innings as the minister of road transport & highways. In an interview with Prerna Katiyar, the Nagpur MP, who now also heads the ministry of micro, small & medium enterprises, speaks about […]
World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030
Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said. The 19,000 mostly hydro- and diesel-based mini-grids that power 47 million people today could boom to 210,000 systems powering 490 million by 2030, according to the institution. Its report said […]
World Bank to Help China Develop Renewable Energy with Battery Storage
WASHINGTON: The World Bank’s Board of Executive Directors have approved a US$300 million loan for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy by deploying battery storage systems at scale. Despite having the largest installed electricity generation capacity of wind and solar power, China is […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
‘Bimstec nations could tap India’s green energy transition’
With the Bimstec leaders gathered in the national capital for Prime Minister-elect Narendra Modi’s swearing in ceremony on Thursday, the member-nations could benefit from India’s rapid renewable energy capacity increase, say experts. The New Delhi-based organisation CarbonCopy said the annual electricity trade potential between South Asian and Southeast Asian countries could be from 65,000 MW […]
World nations failing the poorest on energy goals: study
More than 150 million people are gaining access to electricity every year, reducing the ranks of those who live without power, but this is not enough to meet global development goals, according to a report released Wednesday. Furthermore, efforts to cut pollution from cooking food and promote renewable power for heat and transportation are likewise […]
Jamaica aims to boost its power sector with renewable energy projects
Jamaica which depends on fossil fuel for its energy sector has performed well to lower its oil dependency. It is estimated that Jamaica to reduce its oil dependency to 50 per cent in 2019. Jamaica aims to give a boost to its energy sector with a plethora of initiatives that include new energy policy, funding […]
MP govt invites bids for 25 MW rooftop solar projects
Madhya Pradesh government Tuesday said it has invited bids for 25 MegaWatt (MW) rooftop solar projects for industrial units in the state. The tenders have been invited by state-owned Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and the last day to submit financial bids is May 10, 2019. “Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) […]