The World Bank has issued expression of interest (EoI) documents seeking consultants for an assignment to chart out an investment roadmap for sub-Saharan African countries to help them achieve universal energy access by 2030. The deadline for submission of expressions of interest is January 21, 2021. The project entitled ‘Africa Energy Access Flagship Report Off-Grid Solar’ will be funded by the World Bank Group. The report will focus on the off-grid solar standalone sector in the region … [Read more...] about World Bank issues EoI for Off-Grid Solar Energy Access Report
€26 million Financial Support to build new wind farms in Poland
The EBRD is providing a financial support of PLN 117 million (€26 million-equivalent) for a project in the north-east of Poland with a total installed capacity of 51.4 MW: Mława (37.4 MW), located approximately 110 km northwest of Warsaw, and Grajweo (14 MW), 60 km southwest from Suwałki. The EBRD finance will be complemented by a parallel loan from DNB. The wind farms will be built and operated by a joint venture between the Taaleri SolarWind Fund II, a fund managed by Helsinki based … [Read more...] about €26 million Financial Support to build new wind farms in Poland
Jordan: US$ 100m financing package to support secure and green energy
The European Bank for Reconstruction and Development (EBRD) is providing Jordan’s National Electric Power Company (NEPCO) with a US$ 100 million financing package. The funding will help the firm address working capital constraints by replacing short-term debt financing borrowed at the first peak of the Covid-19 crisis in the spring with a longer-term facility. The proceeds will support NEPCO’s financial position. With Financing from the Swiss State Secretariat for Economic Affairs (SECO), … [Read more...] about Jordan: US$ 100m financing package to support secure and green energy
UN Chief calls for $100 billion in climate finance to support developing nations
African Development Bank President Akinwumi Adesina on Monday joined world leaders to discuss the global transition to clean power as part of a green recovery and identify actions that can be taken to support this. The virtual COP26 Roundtable on Clean Power Transition, under the theme “Achieving a rapid shift to green, affordable and resilient power systems” was held amid growing recognition that climate change remains one of the greatest challenges facing humanity. Participants included … [Read more...] about UN Chief calls for $100 billion in climate finance to support developing nations
FAO and IRENA join hands to uplift renewables in food and agriculture
The Food and Agriculture Organization of the United Nations (FAO) and the International Renewable Energy Agency (IRENA) have joined hands to accelerate the deployment of renewable energy technologies in agri-food, fisheries, and forestry chains and sustainable bioenergy through the signature of a collaboration agreement. Signed by FAO Director-General QU Dongyu and IRENA Director-General Francesco La Camera in a virtual meeting, the new memorandum of understanding (MoU) aims to improve the … [Read more...] about FAO and IRENA join hands to uplift renewables in food and agriculture
Joint Initiative to develop strategic Renewable Energy (RE) projects in Africa
The Moroccan Agency for Sustainable Energy (MASEN) and the Islamic Development Bank (IDB) recently launched a joint initiative to develop strategic renewable energy (RE) projects in Africa. It aims to improve electricity production from renewable sources on the continent, notably through technical and financial support to projects in IDB member countries. The Moroccan Agency for Sustainable Energy (MASEN) and the Islamic Development Bank (IDB) want to build capacity for electricity production … [Read more...] about Joint Initiative to develop strategic Renewable Energy (RE) projects in Africa
Virtual | 2021 IRENA Legislators Forum | 13 January 2021
The International Renewable Energy Agency (IRENA) is organising the sixth edition of the Legislators Forum that will take place virtually on 13 January 2021 (15:00 to 18:00 Gulf Standard Time) at the sidelines of the Eleventh Session of the IRENA Assembly. The Forum convenes parliamentary leaders from across the world to discuss global, regional, and local agendas relating to a renewables-based energy transition and serves as a platform for substantive dialogue amongst legislators and … [Read more...] about Virtual | 2021 IRENA Legislators Forum | 13 January 2021
Uzbekistan: ADB and NNS sign agreement to build milestone solar power project
The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed an agreement of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan. The project will play a catalytic role in improving access to affordable and reliable renewable energy in rural parts of the country. The financing package for the plant, to be built near Navoi City in central … [Read more...] about Uzbekistan: ADB and NNS sign agreement to build milestone solar power project
EBRD to uplift green financing for residents in Romania
To assist the Romanian households to save energy and money, the European Bank for Reconstruction and Development (EBRD) and the International Cooperation and Development Fund (TaiwanICDF) are providing financing of up to €15 million to UniCredit Consumer Financing (UCFIN), a subsidiary of UniCredit Bank SA, a member of the Italian UniCredit Group. The loan combines €4 million of concessional funding from TaiwanICDF with €11 million of EBRD finance. UCFIN will on-lend funds to residential … [Read more...] about EBRD to uplift green financing for residents in Romania
IRENA and AfDB join forces to boost renewable energy investments in Africa
The International Renewable Energy Agency (IRENA) and the African Development Bank (AfDB) have joined forces to support investment in low carbon energy projects, a move expected to advance Africa’s energy transition. The two entities signed a Declaration of Intent to coordinate on a range of activities, including co-organizing renewable energy investment forums as part of IRENA’s contribution to the Climate Investment Platform, and collaboration on the Bank’s annual flagship Africa Investment … [Read more...] about IRENA and AfDB join forces to boost renewable energy investments in Africa
