The nation is targeting an unspecified capacity of solar PV systems to be installed on households and public facilities across several of its regions. The successful projects will be jointly financed by the World Bank and the government of Myanmar.
Applications to generate electricity from solar plants continue to surge, reflecting the sector’s revival in the country.
Crossboundary Energy Access (CBEA) was established in January with large investment contributions from Rockefeller and Shell Foundations. The funding facility, which said it would work to unlock $11 billion in funding for the electrification of 100 million people in Africa, has penciled its first transaction with PowerGen Renewable Energy.
The African Development Bank is providing around $56 million to fund a program to bring electricity to around 900,000 households in sub-Saharan Africa by 2025. The financial institution will also provide African distributed energy service companies with critical technical guidance and credit enhancement.
Another 35 places of worship will be geared with rooftop PV. Part of the funding for the projects is being provided by the Jordan Renewable Energy and Energy Efficiency Fund. So far around 500 mosques have been equipped through the program,
The funds will be used to finance solar arrays on 500 schools across the West Bank and East Jerusalem.
Maharashtra, Rajasthan, Gujarat, Karnataka and Tamil Nadu were the top five states by annual installation, accounting for 60% of the new capacity.
The nation’s annual Economic Survey placed EVs at the heart of India’s decarbonization and called for an industrial hub where electric vehicles and the batteries to run them could be manufactured.
The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.
U.K. Power Networks has tendered 18.2 MW of flexible power capacity to six companies across eight regions. With regular feed-in returns hanging in the wind in the U.K., flexibility and peak time management payments could be an alternative source of income for the solar industry.
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