After a solar risk mitigation plan was announced at the first International Solar Alliance (ISA) summit in March 2018, the World Bank and French development bank AFD are now working together on a scheme to help remove barriers to solar in developing countries, which is held back by perceived risk.
India's National Bank for Agriculture and Development (NABARD) and the Green Climate Fund (GCF) have sanctioned US$34.4 million support for a groundwater recharge and solar micro-irrigation project to ensure food security and enhance resilience in vulnerable tribal areas of Odisha.
Global floating solar installations had reached 1.1GW as of September this year, a huge rise from just 10MW at the end of 2014, according to the first report on floating PV from the World Bank and Solar Energy Research Institute of Singapore (SERIS).
The International Finance Corporation (IFC) has signed an agreement with the government of Afghanistan to design and tender a 40MW solar plant that will set a new model for subsequent projects and support the country’s 2GW of PV goal.
juwi Shizen bags EPC order for 42MW Japan solar plant, Financiers plan renewables for 9,300 Solomon Islanders, World Bank to provide US$250 million loan for electricity distribution sector reforms in Rajasthan, India.
Armenia’s Ministry of Energy Infrastructure and Natural Resources has issued a letter of award (LoA) to a consortium of Fotowatio Renewable Venture (FRV) and FSL Solar to help bring a 55MW solar project closer to reality.
Indian Renewable Energy Development Agency Limited (IREDA) has signed an agreement with Rewa Ultra Mega Solar Limited (RUMSL) to finance two major solar parks in the state of Madhya Pradesh with a first loan of INR2.1 billion (US$33 million).
The World Bank plans to make energy storage an integral part of its ‘Scaling Solar’ program, that until now has been focused purely on facilitating large-scale solar tendering, predominantly in Africa.