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World Bank

Could Priority Sector Lending Status For Electric Mobility Charge Up Adoption ?

The electric vehicles have a long way to go to lead the mobility sector in India. One of the major points of delay is the finance for the industry. NITI Aayog, Rocky Mountain Institute (RMI), and RMI India released a report in January 2022, titled Banking on Electric Vehicles in India. The report surfaces the need […]

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TOP FIVE SOLAR PARKS IN INDIA

TOP FIVE SOLAR PARKS IN INDIA Name of the Park Location Planned Capacity Operational Commissioned Capacity Developer(s) Highlight Bhadla Solar Park Rajasthan 2245 MW 2245 MW • SB Energy SoftBank In December • Hero Future Energies 2020, the park • NTPC witnessed the • ACME Solar then lowest bid • Azure Power for solar power […]

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IFC to advise on 600MW Solar Power Park in India

International Finance Corporation (IFC), an institution of the World Bank that focuses on private sector funding and  TUSCO Ltd, a Joint Venture Company of THDCIL and Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) have  signed an advisory mandate with IFC. Under this mandate, which IFC will support TUSCO in the development of 600MW […]

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Tunisia Awards 500 MW Solar Projects

Tunisia has awarded several solar power projects to bidders in a bid to move closer to its international obligations for its domestic renewable share of energy. The combined output of all these solar projects will be 500 MW. The new solar projects will be located in different governorates of Tunisia. The largest of all is […]

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Germany’s Evonik Turns Flare Gas From Emissions into Energy Source

Germany-based specialty chemicals company Evonik Industries has announced its support for cutting CO2 emissions by turning flare gas into a valuable energy source with membranes. By offering its PuraMem® VOC membrane separation technology for flare gas recovery, Evonik seeks to reduce the energy industry’s CO2 emissions and support the World Bank’s “Zero Routine Flaring by […]

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2020 Champion, Vietnam Offers a Cautionary Tale On Renewable Growth

Just when Vietnam has emerged on the global map as a ‘solar hotspot,’ after a stupendous 2020, the government has declared that no solar energy will be added in 2022 as the grid system is failing to accommodate the solar power produced. Vietnam may not repeat the success of yesteryears but there is credible evidence […]

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Norway Will Help Vietnam Uncover its Offshore Wind Power Potential

Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the ‘Vietnam Supply Chain Study Report’ to Vietnamese Minister of Industry and Trade Nguyen Hong Dien. The 70-page report provides an overview of the entire supply chain for Vietnam’s offshore wind industry, recommendations on what Vietnam can prioritise to stimulate the […]

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