World Bank Group

REI 2019: Session on Startups – Innovation in Manufacturing Needed

At the ongoing Renewable Energy Exposition 2019, a session on the role of startups in the RE space highlighted that the innovation aimed at solving consumer and business problems are key to its future growth. The first day of the Renewable Energy Exposition (REI 2019) saw the convergence of financiers, startup heads and think tanks […]

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Tata Power-DDL, IFC Collaborate to Assess Battery Storage Demand

The motive behind the move is to ensure sustainable and reliable power distribution and to formulate a business model for storage deployment in distribution utilities. Tata Power Delhi Distribution Ltd (Tata Power-DDL), a distribution arm of Tata Power, has entered into an agreement with International Finance Corporation (IFC), a member of the World Bank Group, […]

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3.9 Mn Off-Grid Solar Lighting Products Sold in 2nd Half of 2018: Report

According to a new report, globally, 3.9 million off-grid solar lighting products were sold in the second half of 2018, an installed capacity of 32.39 MW. ‘The Global Off-Grid Solar Market Report’ a biannual report by GOGLA and the World Bank’s Lighting Global program was recently published for the second half (July-December) of 2018.  The […]

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GWEC, WBG to Work Together to Develop Global Offshore Wind Markets

GWEC will coordinate with the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets. Global Wind Energy Council (GWEC) and World Bank Group (WBG) is mulling to work together on efforts to develop offshore wind in emerging markets. […]

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EIB to Provide $11.75 Mn Loan for 34 MW Solar Project in Zambia

Further, the Zambian project is promoted by Enel company and will also be supported by loans from the IFC, World Bank Group member, and IFC-Canada Climate Change Program. European Union lender, the European Investment Bank (EIB) has provided up to USD 11.75 million loan to support the 34 MW Ngonye solar power plant in Zambia. Further, the Zambian […]

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Sterling and Wilson to Build Zambia’s Largest Solar Plant

Sterling and Wilson was ranked as the world’s largest pure play solar EPC company (outside USA and China) by IHSMarkit in Q1 2017. Sterling and Wilson, leading Global Solar EPC Company has been chosen to construct Zambia’s largest solar plant, of capacity 54.3 MWp. It is the first project to be implemented in the frame […]

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International Finance Corporation to Support Largest Solar Power Plant in Jordan

The solar plant in Jordan is the latest in a series of efforts to boost renewable energy investments in a country faced with increased energy demand, in part driven by the growing refugee crisis, according to an IFC statement published on its website. The International Finance Corporation (IFC), a member of the World Bank Group […]

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EESL Organises Global Event INSPIRE 2017 on Energy Efficiency in Jaipur

INSPIRE 2017 is a global conference which aims to bring various stakeholders such as policy makers, innovators, financiers, influencers to showcase best practices in the sector. Energy Efficiency Services Limited (EESL) in alliance with the World Bank and Alliance for an Energy Efficient Economy (AEEE) organised the first edition of the International symposium to promote […]

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India and Other Emerging Economies Can Unlock Trillions of Dollars in Climate Finance: IFC Global Report

Estimates indicate that India is on track to exceed its target of reducing greenhouse-gas emissions intensity by up to 35 percent by 2030. Developing countries like India can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business […]

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