World Bank plans ‘Scaling Solar and Storage’ program

Facebook
Twitter
LinkedIn
Reddit
Email
The SSS is designed to be universally applicable. Credit: Scaling Solar

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.

The new Scaling Solar and Storage (SSS) program, which has yet to be formerly announced and is expected to be rolled out over the next couple of years, would work on utility-scale tenders that pair solar PV with battery storage technology.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The World Bank engaged Italy-based technical advisory RINA to explore the feasibility of such tenders.

Ugo Salerno, chairman and CEO of RINA, told PV Tech that the program planning takes into consideration anticipated developments in storage technology and cost over the intended roll-out period. RINA also undertook extensive consultation with leading players in the industry to ensure that SSS project development would be appealing to them.

RINA’s understanding is that the program is aimed at developing countries and emerging markets in general and isn’t specifically limited to any one geography.

Salerno noted that quality control and counter-party risk are likely to be key considerations when developing these projects in concert with local partners. Projects will also need to adhere to performance standards and regulations that can meet global financing and performance expectations for the full lifecycle of the energy storage systems.

He also said batteries are “the most important field of development” in renewable energy at present – adding: “With existing technology, batteries are now becoming affordable, which means that the renewable energy is becoming self-sufficient. More and more you will not need traditional generation to be put aside renewables.

“We don’t even know what will happen if there is a quantum leap in [storage] technology.”

While the SSS is designed to be universally applicable and avoid preferentially targeting any specific countries or regions, Salerno also pointed out that the program would be of most benefit in regions which suffer from grid capacity constraints at peak times.

RINA is currently helping the World Bank on building the framework and setting the standards for the SSS to ensure project bankability.

To date, the original ‘Scaling Solar’ programme has overseen PV tenders rolled out across Zambia, Ethiopia, Madagascar and Senegal, and achieved some impressive price reductions.

Read Next

July 2, 2024
The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.
May 21, 2024
The World Bank and Masdar have announced a US$159 million financing package to support a 250MW solar-plus-storage project in Uzbekistan.
February 13, 2024
Solar offshore specialist Oceans of Energy has partnered with 15 European companies to scale up offshore solar technology in the North Sea.
January 8, 2024
Iberdrola says that of the agreed amount €170 million has already been committed to finance onshore wind projects in Poland.
September 28, 2023
UAE-based renewables developer AMEA Power has reached financial close on a 120MW solar PV project in Tunisia, the company’s first foray into the country.
February 2, 2023
Activities under the new Regional Emergency Solar Power Intervention Project, a US$311 million regional project for which the World Bank supports, have started in Freetown, Sierra Leone.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA