World Bank Fund For Climate-Smart Mining to Support Clean Energy Transition Updated On Wed, May 8th, 2019 by Saurenergy The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles. The World Bank Group has launched the Climate-Smart Mining Facility, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will […] Read more
World Bank’s New Program to Accelerate Sustainable Cooling in Developing Countries Updated On Mon, Apr 29th, 2019 by Saurenergy The program will provide technical assistance to ensure that efficient cooling is included in new World Bank Group investment projects and mobilize further financing. The World Bank has announced a new program to accelerate the uptake of sustainable cooling solutions, including air conditioning, refrigeration and cold chain in developing countries. The program will provide technical […] Read more
World Bank Approves $200 Mn Regional Off-Grid Electrification Project Updated On Fri, Apr 26th, 2019 by Saurenergy The World Bank Group has approved the Regional Off-Grid Electrification Project (ROGEP) to help expand off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region. The Board of the World Bank Group approved the Regional Off-Grid Electrification Project (ROGEP), which includes $150 million in the form of credit and […] Read more
World Bank Grants $148Mn to Finance Access to Electricity in Mozambique Updated On Thu, Apr 4th, 2019 by Saurenergy The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique, including Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the Bank. With the potential to benefit about 1.5 million people, […] Read more
World Bank and AfDB Commit $ 47 billion For African Climate Finance Updated On Fri, Mar 15th, 2019 by Saurenergy The World Bank and the African Development Bank have together committed close to $47 billion to African countries, for the period up to 2025 to fight climate change. In a significant announcement to provide much-needed financing for African countries likely to face the increasing effect of climate change, the funds’ pipe from the World Bank […] Read more
World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
India’s Energy Needs to Triple by 2040: World Bank Updated On Mon, Dec 24th, 2018 by Saurenergy In fiscal 2018, when total installed capacity was more than twice the amount of peak demand, peak demand shortage still registered 2.1% in India,World Bank said. Energy demand in India will grow 30% between 2018 and 2040, a new report by the World Bank titled Dark: How Much Do Power Sector Distortions Cost South Asia […] Read more
World Bank and AFD to launch Global Solar Risk Mitigation Initiative Updated On Wed, Dec 12th, 2018 by Saurenergy The SRMI is an integrated approach aimed it tackling policy, technical and financial issues, which are associated with scaling up solar energy initiatives. Keeping in line with international Solar Alliance’s ambition of promoting solar energy among member states, the World Bank and Agence Française de Développement (AFD) are developing a joint Global Solar Risk Mitigation […] Read more
