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World Bank

UK Augments Funding for African RE Projects by £30 million

Harriett Baldwin, the UK Minister for Africa, announced additional new funding to give more people and companies across Africa access to affordable, clean energy. Minister Ms. Harriett Baldwin announced that the new funding will see £30 million added to the Transforming Energy Access program, taking total British investment to £100 million, and allowing it to […]

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GWEC, WBG to Work Together to Develop Global Offshore Wind Markets

GWEC will coordinate with the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets. Global Wind Energy Council (GWEC) and World Bank Group (WBG) is mulling to work together on efforts to develop offshore wind in emerging markets. […]

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SECI Seeking Owners Engineer For Andhra Pradesh Hybrid Project

The last date of submission of the EoI is March 25, 2019. The Solar Energy Corporation of India (SECI) has issued an Expression of Interest (EOI) for the selection of owners engineer for the 160 MW solar-wind hybrid power plant with Battery Energy Storage System (BESS) at Ramagiri, Anantapur District, Andhra Pradesh. The selection of […]

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Maldives Steps Up Renewable Adoption With 5 MW Solar Tender

The 5MW solar system will be developed under design, build, finance, own, operate, and transfer basis. The Government of the Republic of Maldives is implementing the “Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE)” Project and has invited bids from investors for installation of 5MW Grid-connected Solar PV Power System in the Greater Malé Region […]

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New Solar Power Program to Help Electrify Rural Communities in Afghanistan

The initiative is designed to provide electricity to some of the nearly 20 million Afghans who are not connected to the national power grid.  IFC, a member of the World Bank Group, has launched a pioneering program to supply small-scale solar power systems to homeowners across Afghanistan. The pilot program will see the introduction of […]

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Uzbekistan Issues Tender in Partnership with IFC for 100 MW Solar Project

Based on the success of the implementation of the tender, the volume of the projects will be raised to 900 MW in consequent tenders. Uzbekenergo JSC, a government-owned power utility, has issued a request for selection (RfS) for 100 MW of grid-connected solar projects to be developed in Navoi region of the Republic of Uzbekistan. […]

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UAE’s Yellow Door Energy Raises $65 Million

The investment comes from IFC, Mitsui, Equinor, APICORP and Adenium and will be used to expand distributed solar and energy efficiency solutions into new markets. Yellow Door Energy, a UAE-based leading solar developer, announced that it has raised $65 million in Series A financing to scale its investments in solar energy and energy efficiency solutions […]

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CleanMax Solar Conferred “Best Solar Power Turnkey Solutions” in India

CFI Magazine’s Clean Energy Award recognises the highest levels of achievement in energy and environmental sustainability. CleanMax Solar, one of India’s most trusted sustainability partner for corporates, was conferred the ‘Best Solar Power Turnkey Solutions – India 2018’ award by UK based Capital Finance International (CFI) Magazine. CleanMax Solar was recognised for its pioneering efforts […]

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Abu Dhabi’s Masdar Eyes Minority Stake in Hero Future Energies

Asian energy producers including Petronas of Malaysia, Masdar and Singapore’s Sembcorp are in separate discussions to acquire a minority stake in Hero Future Energies Abu Dhabi’s Masdar Clean Energy has thrown its hat into the ring  for a minority stake in Hero Future Energies. It has entered into exclusive talks to acquire a 30-35% stake […]

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