International Finance Corporation, a member of the World Bank Group, is investing $25.8m in a new 50MW wind farm in Pakistan. It says the wind power project, located in Sindh province, north east of Karachi, will help meet a rising electricity demand in Pakistan and provide an extra 270,000 people with low carbon electricity every … Continue reading IFC backs 50MW Pakistan wind farm
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Yemen obtains World Bank funding for wind farm
A credit of US$20 million for Yemen to finance a wind park project at Mocha on Yemen’sRed Sea coast has been approved by the World Bank’sBoard of Executive Directors. The project consists of the development and construction of a 60 megawatt wind power farm, which will increase the supply of cost-effective electricity from renewable sources … Continue reading Yemen obtains World Bank funding for wind farm
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Transforming India’s Future With Solar Energy: Concentrated Solar Power (CSP) and Photovoltaic (PV)
Over the past three years, India has taken a significant step forward in implementing its green growth agenda by commissioning 2,000 MW of solar power at the world’s lowest tariff. Solar power can reduce India’s dependence on imports of diesel and coal for power generation, reduce greenhouse gas emissions, and contribute to energy security. If … Continue reading Transforming India’s Future With Solar Energy: Concentrated Solar Power (CSP) and Photovoltaic (PV)
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Strong Policy Framework Needed for Concentrated Solar Power (CSP)
Many developing countries with sun-baked deserts are investing in concentrated solar power, or CSP. While the climatic conditions are right for the technology, these countries face challenges in making CSP viable. These include financing and risk mitigation, reducing costs, and building local capacity, among others. A group of energy policymakers and practitioners from Morocco, Egypt, … Continue reading Strong Policy Framework Needed for Concentrated Solar Power (CSP)
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Local manufacturing will reduce CSP (Concentrated Solar Power) costs by 30% in India according to World Bank
“Great potential for concentrating solar power in India,” says Joint Secretary for New and Renewable Energy. Concentrated Solar Power (CSP) holds out the promise of stable, clean and locally-sourced power for countries with abundant sunlight. CSP has the added advantage of being able to dispatch a sizeable amount of power to the national grid as … Continue reading Local manufacturing will reduce CSP (Concentrated Solar Power) costs by 30% in India according to World Bank
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World Bank Study Outlines Potential of Concentrated Solar Power (CSP) in India
“Great potential for concentrating solar power in India,” says Joint Secretary for New and Renewable Energy. Concentrated Solar Power (CSP) holds out the promise of stable, clean and locally-sourced power for countries with abundant sunlight. CSP has the added advantage of being able to dispatch a sizeable amount of power to the national grid as … Continue reading World Bank Study Outlines Potential of Concentrated Solar Power (CSP) in India
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Djibouti, World Bank Move Forward On Geothermal Energy Project
Djiboutian Minister of Energy Ali Yacoub Mahamoud met with World Bank officials on Sunday (April 14th) to discuss support for planned geothermal energy exploration in the Assal Rift Valley. Principal energy economist and project leader for the Djiboutian geothermal project Ilhem Bagdadii-Salamon, World Bank representative in Djibouti Homa-Zahra Fotouhi, director of Djibouti Electricity Djama Ali … Continue reading Djibouti, World Bank Move Forward On Geothermal Energy Project
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North African and Middle East Countries Poised to Upgrade Concentrated Solar Power Use with AfDB, World Bank, and CIF Support
On March 19, the African Development Bank (AfDB) and World Bank convened a workshop with representatives of Algeria, Egypt, Jordan, Libya, Morocco, and Tunisia in Rabat, Morocco to review and upgrade the region’s path-breaking regional Investment Plan for Concentrated Solar Power (CSP), with funding from the Climate Investment Funds (CIF). The workshop presented an important … Continue reading North African and Middle East Countries Poised to Upgrade Concentrated Solar Power Use with AfDB, World Bank, and CIF Support
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World Bank eyes geothermal energy
The World Bank today announced a major international effort to expand renewable power generation in developing countries by tapping an underutilised resource: geothermal energy. World Bank managing director, Sri Mulyani Indrawati called on donors, multilateral banks, governments and the private sector to join a Global Geothermal Development Plan (GGDP) to better manage and reduce risks … Continue reading World Bank eyes geothermal energy
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