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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 …
Power Construction
World Bank Approves $311M to Increase Grid-Connected Renewable Energy Capacity in West Africa
Existing and prospective electricity customers in Chad, Liberia, Sierra Leone, and Togo will benefit from the new Regional Emergency Solar Power Intervention Pr…
Renewable Energy
PropertyGuru Asia Real Estate Summit 2022 Calls For Responsible Innovation And Adaptive Reinvention
-- Sustainability advocates and diversity champions lead thought-provoking conversations on inclusivity and smart solutions-- Global experts and senior represen…
Hydrogen Project
World Bank Group Announces International Low-Carbon Hydrogen Partnership at COP27
The World Bank hydrogen partnership will foster capacity building and regulatory solutions, business models, and technologies toward the roll out of low-carbon …
GCC Economies Projected to Grow 6.9% in 2022, World Bank Says
Investing in green growth could drive regional GDP to $13tn by 2050, according to report.
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
World Bank Defends Climate Record in Meeting with NGOs
World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticize…
Carbon Emissions
World Bank to Launch New Trust Fund for Emissions Reduction Grants
The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including de…
Solar Mini Grids Could Power Half a Billion People by 2030, World Bank Says
Providing electricity to 490 million people will require constructing more than 217,000 mini grids at a cost of $127bn
Clean Energy Transition
World Bank Spells out How Pakistan Can Hit 13 GW of Clean Power
The World Bank has advised the Pakistani government to make an immediate start on solar and wind auctions based on big, dual technology clean power parks, plus …
Energy Transition
Partnership Boosts Green Building Practices in Brazil
The International Finance Corporation (IFC), a member of the World Bank Group, and the Brazilian Chamber for the Construction Industry (CBIC) are partnering to …
Offshore Wind Power
Philippine Energy Department, World Bank to Launch Offshore Wind Roadmap
The Philippines’ Department of Energy (DoE) and the World Bank Group (WBG) is set to launch the country’s first Offshore Wind Roadmap on 20 April 2022.
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