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World Bank Provides $46.25 Million for Uzbekistan's Clean Energy Transition, Energy Efficiency
During the 2023 World Bank Group and International Monetary Fund Annual Meetings in Marrakech, Morocco, the government of Uzbekistan and the World Bank signed a…
Power Construction
South Africa May Get $1 Billion Loan From World Bank to Tackle Power Crisis
A child collecting chunks of coal looks on at a colliery while smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Emalah…
Solar Power Plant
IFC Loans Morocco's OCP $106 Mln to Build Two Solar Power Plants
Morocco's state-owned phosphates and fertiliser producer OCP said on Tuesday it had signed an agreement with the International Finance Corporation (IFC), th…
Hydropower Plant
MIGA Set to Help Boosts Mexico's Hydropower Capacity With Guarantee
The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has issued a guarantee aimed at enhancing Mexico's hydropower capacity. The guarantee …
Wind Farm
Sri Lanka Offshore Wind Roadmap Launched, Two Sites Identified for First Project(s)
The World Bank Group has published the Offshore Wind Roadmap for Sri Lanka, commissioned by the Government of Sri Lanka and funded by the World Bank Energy Sect…
Microgrid
World Bank to Aid in the Construction of 1,000 Minigrids in Rural Nigeria
The World Bank continues to show its commitment to expanding rural electrification across Nigeria. Ajay Banga, World Bank president, recently revealed that the …
Solar Panel
World Bank to Help Fund 1,000 Mini Solar Power Grids in Nigeria
A technician works on solar power panels at the Atlantic Shrimpers farm in Badagry, Lagos, Nigeria July 5, 2022. REUTERS/Temilade Adelaja/File PhotoThe World Ba…
Hydropower Plant
World Bank Loans $200 Million to Increase Renewable Energy in Himachal Pradesh
The World Bank’s Board of Executive Directors has approved a $200 million loan to the Government of Himachal Pradesh, India, to facilitate power sector re…
Microgrid
World Bank to Boost Nigeria's Electrification Project With $750M – Official
Minister in the Presidency responsible for Electricity Dr Kgosientsho Ramokgopa and German Vice Chancellor Robert Habeck have signed a joint declaration of inte…
Solar Technology
Ethiopian Government Secures Financing for Establishment of 20 Solar Minigrids
Ethiopian government secures financing from the World Bank for 20 solar minigrid projects. Distributed Electricity and Lighting in Ethiopia (ADELE) program will…
Carbon Emissions
World Bank: Carbon Pricing Revenues Near $100BN a Year
New report reveals how carbon taxes and emissions trading schemes are curbing emissions and generating valuable revenues for exchequersCarbon pricing mechanisms…
Geothermal Power Project
World Bank to Aid in Bulgaria Geothermal Development
The World Bank will be providing analytical and advisory support to the Ministry of Energy of Bulgaria to help the country capitalize on its geothermal resource…
Carbon Emissions
COP28 President-Designate Highlights Importance of Finance in Climate Action
At a panel discussion organized by the Rockefeller Foundation on the sidelines of the World Bank/IMF Spring Meetings, Dr. Sultan bin Ahmed Al Jaber, Minister of…
Wind Turbine
Vestas as Possible Investor in Wind Turbine Plants in Vietnam
European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants.According to the World Bank Group, Viet…
Distributed Generation
Decentralised Renewables Solutions Can Improve Healthcare Services for Almost 1 Billion People
Close to 1 billion people in low- and lower-middle income countries are served by healthcare facilities that lack a reliable electricity supply, according to a …
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