Shame on the World Bank for Supporting an Absurdly Expensive Coal-Fired...
The lignite-fired New Kosovo Power Plant project has been under development for more than a decade, yet there is still an astonishing lack of official information about it. What little detail has...
View ArticleIEEFA Briefing Note: Coal Industry’s Solution to Energy Poverty Is Not...
CLEVELAND, March 3, 2016 (IEEFA) — The Institute for Energy Economics and Financial Analysis (IEEFA) today published a briefing note that challenges traditional coal-industry solutions to global energy...
View ArticleCoal Won’t Solve the Energy Poverty Problem
Coal-fired electricity is no longer the economy builder its proponents say it is. Time was when coal in fact did contribute to growth in many economies, but times have changed. Today governments and...
View ArticleQuestions Around World Bank, U.S. Support for Regressive Electricity Project...
Keith Johnson for Foreign Policy: Almost everyone agrees that Kosovo, home to 1.8 million people and one of the highest unemployment rates in Europe, desperately needs more energy. The question is how...
View ArticleWorld Bank Says It Will Ramp Up Investments in Clean Energy
By Lalit K. Jha in The Wire: The World Bank has unveiled an ambitious climate action plan that will help developing countries add 30 gigawatts of renewable energy, bring early warning systems to a...
View ArticleIEEFA Data Bite: Coal Dependency in Kosovo Is More Extreme Than in the...
Kosovo relied on coal for 97 percent of its electricity generation in 2013, according to the most recent data from the International Energy Agency, and its dependency hasn’t improved much (if at all)...
View ArticleThe New Kosovo Power Plant: An Unnecessary Burden at an Unreasonable Cost...
Today we’re revisiting a report we issued several weeks ago questioning the economic viability of a proposed new coal-fired electricity plant in Kosovo. The project stands to damage the economy of the...
View ArticleRenewables Would Be a Far Cheaper Way to Power Kosovo Than What the World...
A preponderance of evidence supports our view that renewable energy would be cheaper and cleaner than the proposed coal-fired New Kosovo Power Plant. Research we’ve looked at (including by Lazard,...
View ArticleA Test Now for the Western Balkans: Adhere to the Past or Embrace a New...
Emerging still from the civil wars that followed the collapse of Yugoslavia a generation ago, the six countries of the Western Balkans today face an unprecedented energy-policy moment. The essential...
View ArticleWorld Bank Approves $625m Loan for 400 MW of Rooftop Solar in India
By Plamena Tisheva for SeeNews: The World Bank Board on Friday approved a USD625m loan to support the installation of at least 400 MW of grid-connected rooftop solar PV systems in India. The board also...
View ArticleObstacles to Building Renewable Power in Kosovo Are Political, Not Technical
Proponents of building a new coal-fired power plant in Kosovo have argued that the plant is needed because Kosovo has very limited ability to support a significant build out of wind and solar power...
View ArticleWorld Bank Makes a Bet on India Solar Expansion
From Reuters: The World Bank said on Thursday it would lend India more than $1 billion for its huge solar energy programme, after Prime Minister Narendra Modi sought climate change funds from its...
View Article‘World Bank Secretly Funded “Coal Boom” in Asia’
From Agence France Presse: The World Bank is indirectly financing a boom in some of Asia’s dirtiest coal-fired power generation despite commitments to end most funding for the sector, a development...
View ArticleWorld Bank Bets on Renewables Boom in India
Global Trade Review: The World Bank is to provide US$100mn in funding for renewable energy projects in India’s booming market. The development bank will provide US$98mn in debt to the Indian Renewable...
View ArticleWorld Bank to finance storage development in Asia, Africa
ECN News: Solar energy could be a huge source of power in Africa, but its potential has been stymied by storage batteries that are too expensive and inadequate for use in poor countries. The World Bank...
View ArticleWorld Bank says no to planned Kosovo coal plant
London South East: The World Bank said on Wednesday it would not support a planned 500-megawatt (MW) coal-fired power plant in Kosovo, the first major energy project in the Balkan country in more than...
View ArticleFloating solar passes capacity milestone
PV Tech: 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...
View ArticleEgypt moves forward with 600MW solar project
PV Magazine: The Egyptian Electricity Transmission Company (EETC) has signed an agreement with the International Finance Corporation (IFC) for the development of a 600 MW solar power complex in Egypt’s...
View ArticleEgypt expects massive 1.6GW solar park to enter commercial operation by end...
Reuters: Egypt expects the 1.6 gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a statement on Sunday. The $2...
View ArticleMorocco taps EDF Renewables-led group to build 800MW solar plant
Reuters: A consortium led by French EDF Renewables won a tender launched by the Moroccan agency for sustainable energy (Masen) to build an 800 megawatt solar plant in Morocco’s Atlas Mountains, Masen...
View ArticleIEEFA India: Post-election, India must formalise energy reforms already long...
27 May 2019 (DELHI): Although renewable energy installation has seen tremendous progress due to policy initiatives, further energy reforms are necessary for the newly re-elected Government of India to...
View ArticleFinancial institutions are leaving the coal industry behind—Buckley
Power Technology: For more than two centuries coal has powered homes, businesses, and economies, providing the fuel of the industrial revolution and becoming an essential part of the world’s fuel mix....
View ArticleIEEFA update: Kenya and Bangladesh can turn to renewables as coal plans stall
SYDNEY ̶ Recent decisions by the World Heritage Committee of UNESCO and the Kenyan courts will delay planned coal-fired power projects in Bangladesh and Kenya. A June 2019 draft decision by the World...
View ArticleWorld Bank sees big potential for solar-plus-storage mini-grids in Africa, Asia
Energy Storage News: Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said....
View ArticleTogo, IFC to collaborate on African country’s first solar projects
PV Magazine: The International Finance Corporation (IFC), member of the World Bank group, and the government of Togo have agreed to jointly develop several solar projects with a combined capacity of 90...
View ArticleFrench companies secure financing for 60MW of solar in Senegal
PV Magazine: A trio of international development lenders will provide €38 million in loans to fund two 30 MW solar power plants in Senegal. The Proparco unit of the French Development Agency, the...
View ArticleBattery storage cost reductions making solar, wind the generation...
The Wall Street Journal: A global wave of investment in high-capacity batteries is poised to transform the market for renewable energy in coming years, making it more practical and affordable to store...
View ArticleBangladesh, World Bank sign financing deal to develop 310MW of renewable...
United News of Bangladesh: The government on Thursday signed a $185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to...
View ArticleAfrica’s largest solar-plus-wind-plus-storage project proposed in Kenya
PV Tech: Japanese developer Eurus Energy and Australian-headquartered wind developer Windlab have signed a deal with Kenyan authorities to develop an 80MW solar-plus-wind-plus-storage facility in...
View ArticleAngola looks to kickstart solar development efforts
PV Tech: Angola is expecting to kickstart its dormant solar sector by deploying several hundred megawatts worth of projects within three years, a top government official has said. Speaking in the...
View ArticleSaudi developer to build 250MW of Ethiopian solar for 2.5 U.S. cents per...
PV Tech: Saudi Arabian energy developer ACWA Power has won a 250MW duo of World Bank-backed solar projects in eastern Ethiopia. The projects are sponsored under the Scaling Solar programme, run by the...
View ArticleIEEFA update: New Pakistan renewables policy represents a step change in...
Pakistan’s Alternative Energy Development Board (AEDB) has published a draft of the long-awaited Alternative and Renewable Energy Policy 2019. As has been discussed by the power minister on numerous...
View ArticleIEEFA Bangladesh: Relying on imported coal and LNG is unlikely to lower...
The sharp decline in the cost of renewables around the world is a sign of what is to come for Bangladesh. A new report from the International Renewable Energy Agency (IRENA) has found the cost of new...
View ArticleIndia planning 1GW floating solar project in Madhya Pradesh
Recharge: The state of Madhya Pradesh is planning a 1GW floating solar array that would be the world’s largest, according to reports from India. The floating solar plant is planned for India’s largest...
View ArticleIEEFA update: New renewable energy projects undercut business case for coal...
New deals to develop wind and solar power in Kosovo are likely to kill off any remaining business case for new coal, already on the brink of collapse after the World Bank withdrew from financing a...
View ArticleIvory Coast, IFC sign deal for 60MW of new solar
PV Magazine: The government of Côte d’Ivoire and World Bank private sector arm the International Finance Corporation (IFC) have signed an agreement for two large-scale solar projects, with a combined...
View ArticleDutch company moves forward with major off-grid solar initiative in Nigeria
Bloomberg: Lumos Global BV, a Dutch company specializing in off-grid solar power, plans to light up over a million Nigerian households by 2025 as it expands in Africa’s most populous country of more...
View ArticleIEEFA Europe: World Bank says renewable energy, efficiency are Kosovo’s...
The Balkan republic of Kosovo can meet its future electricity needs at least cost by scaling up its renewable energy resources, investing in energy efficiency and cleaning up the country’s existing...
View ArticleIEEFA update: Japan moving from global laggard to global leader
Given the current coronavirus pandemic, coal-fired power generation is likely to see a second consecutive year of decline in 2020. This is due to reduced overall demand, and also because it is...
View ArticleWorld Bank: Technical potential for offshore wind worldwide tops 15TW
OffshoreWind.biz: The World Bank has published maps and analysis of the offshore wind technical potential for 40 more emerging markets around the world, following its report from October 2019, when...
View ArticleRomania looking to build first offshore wind farms in the Black Sea
Recharge: Romanian power company Hidroelectrica as part of an updated investment plan intends to build 600MW of wind power capacity by 2026, including a 300MW offshore wind farm that would be the first...
View ArticleSouth Africa’s coal-dependent state utility seeking bids for first battery...
Bloomberg: South Africa’s state-owned power utility, which relies on coal to generate most of the nation’s electricity, issued a request for bids to build its first battery-energy storage system,...
View ArticleWorld Bank study sees potential for 10GW of offshore wind in Vietnam by 2030
ReNews.biz: Vietnam could potentially bring online up to 10GW of offshore wind by 2030, according to recommendations by the World Bank and the Danish Energy Agency. The findings were presented by the...
View ArticleInternational Finance Corporation tightens rules on coal plant financing
Reuters: The World Bank’s private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal projects in...
View ArticlePerformanca e fortë e burimeve të ripërtëritshme dhe rënia e kostove mund të...
29 tetor 2020 (IEEFA) – Performanca e mirë nga fermat e para të erës dhe diellit në shkallë të gjerë në Kosovë tregon se vendi i Ballkanit Perëndimor i dominuar nga qymyri mund të shfrytëzojë rënien e...
View ArticleIEEFA: Renewables’ strong performance and falling costs can help Kosovo break...
October 29, 2020 (IEEFA) — Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending...
View ArticleFinancing secured for first utility-scale, privately developed solar project...
Power Engineering International: Leading international financial institutions are providing funding for the development of Uzbekistan’s first 100MW solar PV plant. The World Bank, the European Bank for...
View ArticleIEEFA Webinar: How India’s new net metering restriction could impact the...
On 21 December 2020, the Ministry of Power announced the “Electricity (Rights of Consumers) Rules, 2020”, setting out the rights of electricity consumers in India. Watch the recorded webinar here The...
View ArticleIEEFA Africa: Is Angola a cautionary tale for Guyana’s oil wealth hopes?
The South American country of Guyana, the latest nation to have discovered commercial reserves of oil and gas, hopes to raise its standard of living, cut its debt, eliminate its deficit and create a...
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IEEFA: As fossil fuel prices skyrocket globally, renewables grow steadily...
While volatile energy commodity prices have been sharply increasing globally, renewable technologies have been steadily decreasing. Over the last decade, the cost of electricity from utility-scale...
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