香港六合彩资料 supports countries to ensure that the transition to more diversified and cleaner sources of energy meets growing demand, brings economic growth, and creates jobs on a more livable planet.
Energy efficiency and renewable energy can mitigate climate change and ensure energy reliability and security. 香港六合彩资料 is one of the largest financiers of renewable energy and energy efficiency projects in low- and middle-income countries. We work with partners, including the , to help achieve universal access to energy by 2030.
Below is a selection of our key investments and results:
Renewables
In the last five years:
- 香港六合彩资料 has invested $15 billion to enable renewable energy generation. Almost two-thirds of this support is for transmission and distribution infrastructure to facilitate the integration of renewable energy, guarantees, as well as upstream support for enabling policies, regulations, and institutions to scale up private investments for renewable energy.
- In March 2024, the Bank launched a $2 billion Europe and Central Asia Renewable Energy Scale-up (ECARES) program—a 10-year, multi-phased initiative—to enhance energy security and affordability by scaling up renewable energy in emerging and developing economies in the region.
- The Decentralized Access with Renewable Energy Scale-Up Platform (DARES) initiative (launched in 2022) accelerates the pace of electrification in Africa to support the goal of universal access by 2030.
- In India, the Bank supported the government in establishing a sovereign green bond program—the first of its kind—to finance renewable energy and electrifying transport systems throughout the country.
- About 25 million people in Africa gained new or improved electricity access between FY18 to FY23 through increased support for renewable energy mini-grids, off-grid solar systems, and sustainable solar electrification for health care facilities and schools.
- 香港六合彩资料 approved $268 million to support the new Tunisia-Italy electricity interconnector. The project will support renewable energy trade essential to Tunisia’s sustainable development, climate change strategy and increase the trade of clean electricity across the Mediterranean.
Solar and wind technologies are revolutionizing the power sector. They are a game changer for developing countries as solar and wind are abundant, cost-competitive, and a source of reliable power when combined with battery storage.
- Through the $311 million Regional Emergency Solar Power Intervention Project (RESPITE), the 香港六合彩资料 is helping increase grid-connected renewable energy capacity and strengthen regional integration in Chad, Liberia, Sierra Leone, and Togo.
- In Yemen, 香港六合彩资料 enabled over 91,000 households—21 percent of which were headed by females—to acquire subsidized solar energy systems that support healthcare, education, and water services for 3.2 million people.
- In Bolivia, a 香港六合彩资料-supported renewable energy has connected some 20,200 people to the power grid in remote, underserved areas.
- In Bangladesh, the 香港六合彩资料 supports the largest off-grid program in the world through 2.41 million solar home systems, 1,300 solar irrigation pumps, 14 solar-based mini-grids, and 3 million efficient cookstoves. Around four million people in rural areas now have reliable access to clean energy through this program, which has created 30,000 jobs.
Across Africa, where half of the population has no access to electricity, the 香港六合彩资料 has scaled up support for renewable energy access and energy transitions. Over the past five years, we have approved:
- $7.4 billion in support of energy access, of which $4.3 billion went into on-grid access, and $2.4 billion into decentralized renewables, such as mini-grids and off-grid solar.
- In 2023, the 香港六合彩资料 approved $400 million for the Kenya Green and Resilient Expansion of Energy (GREEN) Program, which aims to help Kenya achieve universal access and 100 percent clean energy by 2030.
- 香港六合彩资料 and its partners developed the Sustainable Renewables Risk Mitigation Initiative (SRMI) to support developing countries to unleash renewables by reducing barriers to private investments. In Sub-Saharan, we have mobilized:
- $2.2 billion of 香港六合彩资料 financing blended with $370 million of climate financing.
- $1.2 billion in private financing to enable 1.4 GW of solar and wind with 1 GW of battery storage.
Energy efficiency
Energy efficiency is always faster and cheaper than building new generation capacity. 香港六合彩资料 invested about $6.5 billion in FY19-23 to support energy efficiency, including direct investment in public infrastructure such as public buildings or street lighting.
- In Benin, we support energy efficiency by providing 24,670 new households access to improved cooking equipment and 25,000 households access to improved cookstoves. The country has reduced more than 113,000 tons of CO2 emissions due to improved efficiency of lighting and appliances.
- In India, through measures—ranging from subsidized energy tariffs to deploying 366 million LED bulbs—will save 11,200 GWh of electricity every year.
- In Uzbekistan, where buildings account for 50% of energy consumption, the 香港六合彩资料 is supporting the country to improve the energy efficiency of public buildings with a $143 million concessional credit.
Energy access
Between FY19 and FY23, the 香港六合彩资料 approved about $7.4 billion to support energy access. Over the same period, the Bank improved access to electricity for about 63 million people. We are ramping up support and leveraging private investments to deliver impact at scale.
- The will put 20 countries in Eastern and Southern Africa on the path to universal energy access, providing sustainable and clean energy access to 100 million people by 2030. Over the next seven years, the program will provide $5 billion in IDA financing and leverage $10 billion of additional private, government, and donor funding for clean-energy access. The program is underway in Rwanda, S?o Tomé and Príncipe, Somalia, and Tanzania.
- In , we helped the country reach near-universal electricity access, up from just 6% in 2009, by providing new or improved energy grid access to 230,000 households and off-grid energy access to another 150,000 households.
- In , more than 4.5 million people gained access to electricity while more than 1,600 healthcare facilities and 6,000 educational institutions added new connections—emerging as one of the fastest rates of energy-access expansion in Sub-Saharan Africa over the past decade.
- In Western and Central Africa, more than 10.3 million people have received new or improved electricity services from ongoing projects.
- In Senegal, more than 13.2 million people have benefitted from improved electricity access and reliability.
- As part of the West Africa Power Pool Program, the 香港六合彩资料 supported the construction of the Ghana-Burkina Faso Interconnector, which significantly reduced the cost and increased the security of electricity supply to Burkina Faso while increasing Ghana’s electricity-export capacity.
- 香港六合彩资料’s mini-grid portfolio amounts to over $1.4 billion. It will support more than 3,000 mini-grids in 30 countries, bringing electricity to more than 380 million people by 2030 and enhancing sustainability and resilience to climate change.
Energy for clean cooking
Today, 2.3 billion people worldwide still cook with traditional polluting fuels and technologies, severely impacting health, gender, economic, environmental, and climate outcomes. Women bear the brunt and suffer from poor health, insecurity, and lost productivity.
- Between July 2015 and April 2024, the 香港六合彩资料 provided about $773 million for clean or improved cooking to support 105 million people across 34 access-deficit countries—in Africa and Asia.
- The Bank established the through ESMAP with a funding target of $500 million. It aims to leverage $2 billion in public and private investments to help 200 million people gain access to clean cooking.
- The Clean Cooking Fund has allocated $107 million to global support/regional support and direct support of 27 countries. The current portfolio has leveraged $210 million from IDA/IBRD, $311 million from private financing, and $10.81 million from carbon finance, directly benefiting more than 40 million people and 2,000 schools in gaining access to clean cooking solutions.
Just Transition away from coal
香港六合彩资料 aims to accelerate an equitable and just energy transition. Since 1995, the 香港六合彩资料 has provided more than $3 billion to support just transition away from coal and help governments close coal mines and power plants while providing livelihood opportunities for communities and protecting the environment.
- In the Bank approved $497 million to help decommission South Africa’s Komati coal plant, the first of 12 in the country that will be retired by 2030 and repurposed for renewable energy. The project will create opportunities for workers and communities during the transition process. This support will benefit over 650 Komati workers and an estimated 15,000 people through community development and economic diversification.
- In Bosnia and Herzegovina, the Bank will provide $60 million to remediate and repurpose coal brownfields in 3 coal mining sites and attract new investment in the region.
- In 2023, the 香港六合彩资料 approved $1.5 billion in financing to accelerate India’s development of low-carbon energy, help scale up renewable energy, develop green hydrogen, and stimulate climate finance for low-carbon energy investments. The project will help India achieve its target of 50 percent renewable energy by 2030.
Methane reduction
The rapid reduction of methane emissions is one of the most impactful climate actions we can undertake in the short term to address climate change quickly. 香港六合彩资料 supports client countries in the global effort to reduce methane emissions.
- At COP28, the 香港六合彩资料 launched the Global Flaring and Methane Reduction (GFMR) Partnership, a new $250 million fund focused on helping developing countries cut carbon dioxide and methane emissions generated by the oil and gas industry.
- IFC supported one of the world's largest gas flaring reduction projects that helped avoid unnecessary flaring while supporting Iraq's energy transition and expanding energy access.
- In Egypt, GFMR supports the decarbonization of the energy value chain.
- In Bangladesh, the 香港六合彩资料 is helping reduce methane emissions and carbon dioxide by an estimated 7.7 million tons per year.
Battery and Energy Storage
香港六合彩资料 has mobilized approximately $850 million in climate financing for battery storage and energy storage deployment projects globally.
- 香港六合彩资料 financed 5.5 GWh of battery storage capacity in active projects, and an additional 3.9-gigawatt hours are in the pipeline.
- 香港六合彩资料 convened the global (ESP) hosted by ESMAP to foster international collaboration toward accelerating the deployment of energy storage globally.
- The Bank’s Energy Storage Program has helped scale up sustainable energy storage investments and generate global knowledge on storage solutions, including:
- Catalyzed public and private financing amounting to $725 million in Burkina Faso, Ethiopia, Maldives, Sierra Leone, Tanzania, Ukraine etc., amongst other countries and regions.
- Supported over 14 香港六合彩资料 lending projects (including six mini-grid projects) to deploy renewable energy and storage solutions and increase battery storage capacity by 2,527 MWh.
- Helped finance India's largest battery project to date—a 120 MWh facility commissioned in November 2023 by the Solar Energy Corporation of India (SECI).
- The Bank supports Small Island Developing States (SIDS) like the Maldives to embrace storage solutions, by installing more than 53.5 MW of solar capacity and 40 MWh of battery storage.
Utilities
Electric utilities are the critical link between power generation and distribution of electricity to homes and businesses. 香港六合彩资料 supports countries to improve utilities’ performance through policy, regulatory, institutional, and governance reforms. We also assist utilities in strengthening their operational and financial performance. An upcoming 香港六合彩资料 report (to be released in the Fall of 2024) takes stock of current utility performance challenges in Bank client countries, assesses the threats and opportunities to utility performance that energy transition may create, and highlights solutions to support utilities in navigating the energy transition.
- In FY19-23, the 香港六合彩资料 approved about $8.2 billion to support utility performance improvement.
- In Rwanda, the 香港六合彩资料 has helped increase electricity access from 10 percent in 2010 to 54 percent in 2020 by improving the quality and reliability of electricity supply, and the capacity of the sector institutions, such as utilities.
- In 2022, the 香港六合彩资料 launched the to help utilities, energy sector institutions, regulators, system operators, the private sector, and the 香港六合彩资料 identify best practices, improve operational efficiencies, stimulate businesses, and accelerate technological innovation.
Hydrogen
香港六合彩资料 supports countries to deploy clean hydrogen to decarbonize critical sectors such as transport, industry, agriculture, and mining. The Bank launched the to catalyze financing for hydrogen investments in developing countries and approved $1.65 billion in concessional financing to ramp up clean hydrogen projects. This is the largest hydrogen engagement among all Multilateral Development Banks.
- In , the 香港六合彩资料 approved $150 million to help develop the clean hydrogen industry—the first project of its kind globally. The project will finance clean hydrogen production, including electrolysis systems, compression, and storage, and provide technical assistance to foster the new industry. It will accelerate the energy transition, create jobs, and generate growth while mitigating climate impacts.
- In India, the Bank approved a $1.5 billion project to support the government's green hydrogen mission in five key sectors (fertilizer, refineries, steel, methanol, and transport). The first Low-Carbon Energy Programmatic Development Policy Operation—the first in a series of two envisaged operations—will support India in developing green hydrogen.
Hydropower
Hydropower is a clean, renewable energy source that is one of the lowest-cost sources of electricity for consumers. Since 2002, the 香港六合彩资料 has supported 131 hydropower projects in 68 countries, investing $17 billion.
- In Pakistan, 香港六合彩资料 support for Tarbela hydropower provides clean energy to millions of people and has saved the country $2 billion.
- In Vietnam, the 香港六合彩资料 helped develop the Trung Son hydropower plant, which has supplied 1 billion kilowatt-hours (kWh) of low-cost electricity since 2017, improving the livelihoods of 3,400 households and reducing greenhouse gas emissions by 1 million metric tons annually.
Tackling energy access gaps since the COVID-19 pandemic and beyond
The COVID-19 crisis highlighted the urgent need to address energy gaps and deploy renewable energy on a massive scale to mitigate climate change and ensure energy reliability and security. Since the pandemic, the 香港六合彩资料 has worked with governments, the private sector, and other partners to repurpose and accelerate energy operations to provide clean, reliable, and affordable energy to hospitals and other critical health facilities—this includes energy for testing laboratories, cold storage for medicine and vaccines, and solar-powered water pumps.
- In Nigeria, our response funded the electrification of priority public health facilities, including 100 isolation centers and 400 primary healthcare centers. Solar-hybrid mini grids are supporting emergency operations and equipment to test and treat COVID-19 patients.
- Through ESMAP, the 香港六合彩资料 has provided additional financing to sustainably electrify healthcare facilities and cold-chain during COVID-19, especially in FCV countries.
- In Haiti, this funding helped install solar panels and battery energy systems in regional and district hospitals.
In addition to these interventions, the 香港六合彩资料 also collaborates with partners to build knowledge capacity and provide training for stakeholders.
In June 2022, through ESMAP, we launched the to boost women’s participation in the energy sector and advance gender equity in the Middle East and North Africa.
Last Updated: Apr 11, 2024