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World Bank

Tata Power-DDL, IFC Collaborate to Assess Battery Storage Demand

The motive behind the move is to ensure sustainable and reliable power distribution and to formulate a business model for storage deployment in distribution utilities. Tata Power Delhi Distribution Ltd (Tata Power-DDL), a distribution arm of Tata Power, has entered into an agreement with International Finance Corporation (IFC), a member of the World Bank Group, […]

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Canadian Solar Begins Operation of Largest Solar Plant in Argentina

Canadian Solar has announced that its 100.1 MW Cafayate solar power project in Argentina started commercial operation last month Canadian Solar, one of the world’s largest solar power companies, has announced that its 100.1 MW Cafayate solar power project in Argentina started commercial operation. Located in the Province of Salta, the solar project is powered by over 289,000 high-efficiency […]

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IFC, EIB and Proparco to Finance Constriction of 2 Solar Plants in Senegal

Proparco, IFC and the EIB have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. Proparco, the International Finance Corporation (IFC) and the European Investment Bank (EIB) have granted loans totaling EUR 38 million for the construction and operation of two solar power plants in Senegal. […]

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IFC Lends $35 mn to Promote Green Projects in Costa Rica

IFC has signed a loan of US$ 35 million to incentivise the issuance of a green bond by Davivienda Costa Rica, the third largest private bank in Costa Rica The International Finance Corporation (IFC), a member of the World Bank Group, has signed a loan of US$ 35 million to support and incentivise the issuance […]

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TP-DDL Organises Event in North Delhi to Promote Rooftop Solar

In line with the Delhi Government’s Solar Policy Initiatives, TP-DDL organized ‘Solarize Shakurbasti’, a locality in North Delhi with nearly 10,000 houses In line with the Delhi Government’s Solar Policy Initiatives, Tata Power-DDL (TP-DDL) organized ‘Solarize Shakurbasti’, a prominent area in North Delhi with more than 10,000 houses.  Power Minister of the government of NCT […]

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Report Projects India Will Exceed its Paris Agreement Target

A new report has projected that India is likely to obtain 63% of its installed power capacity from non-fossil fuel sources (including hydro) by 2029-30, and exceed its Paris Agreement target of 40%. A new report has projected that India is likely to obtain 63% of its installed power capacity from non-fossil fuel sources (including […]

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Madhya Pradesh Increments Capacity to 32 MW For Rooftop Solar Tender

Madhya Pradesh has increased the solar capacity under its rooftop tender to 32 MW from 25 MW. The Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) has increased the capacity tender under its rooftop tender to 32 MW from 25 MW. MPUVNL had invited Request for Proposal (RfP) for the selection of bidders for the implementation […]

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GOGLA Report on Global Off-Grid Solar Market Report

Every six months, GOGLA and The World Bank Group’s Lighting Global program publish the Global Off-Grid Solar Market Report, a market intelligence series on sales and impact of off-grid solar lighting products, sold by GOGLA and Lighting Global affiliates. Since 2019, the report also includes sales numbers of off-grid appliances, in partnership with the Efficiency […]

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Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018

A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […]

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