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renewable energy

Can Asia-Pacific achieve sustainable energy for all?

Sharmila Bellur's picture

The Asia-Pacific region, comprised of 58 economies, is geographically expansive and a picture of diversity. The trends for sustainable energy in Asia-Pacific, which mirror the region’s economic and resource diversity, are underscored by the fact that Asia-Pacific comprises 60 percent of the global population, generates 32 percent of global GDP, consumes more than half of the global energy supply, while generating 55 percent of global emissions from fuel combustion. The region’s sustainable energy picture is captured in a new report by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), entitled “Asia-Pacific Progress in Sustainable Energy: A Global Tracking Framework 2017 Regional Assessment Report.” The report is based on the World Bank and International Energy Agency’s Global Tracking Framework (GTF), which tracks the progress of countries on energy access, energy efficiency, and renewable energy under Sustainable Development Goal 7 (SDG7).
 
Photo credit: Flickr/World Bank

Four overarching sustainable energy themes emerge from the report:

Guarantees light the way for clean energy through renewable auctions

Arnaud Braud's picture


Photo: Scaling Solar project in Zambia

What is a common thread between Argentina, Maldives, and Zambia? In each of these countries, the World Bank provided guarantees to support transparent auctions for renewable energy. Through these, I have seen how the Bank’s involvement helped increase private investors’ confidence, attract world-class developers, and ultimately reduce tariffs.

Drawing on 10 years of diverse experience in the power sector in both public and private organizations, my role is to help bridge the divide between public and private parties and help each side better understand the other. The World Bank is ideally positioned for this. Both sides understand the World Bank carries out a detailed due diligence and ensures the auction meets international standards. Both sides appreciate the World Bank will be an honest broker if issues arise. Because of its long term and continuous involvement in our client countries, the World Bank can help identify and solve issues early on. As such, no World Bank project-based guarantee has ever been called.

#Blog4Dev: Creating jobs and renewable energy at the same time

Abdishakur Ahmed's picture



The dramatic decrease in the cost of renewable energy technologies seen in recent years presents an unprecedented opportunity to improve our access to energy—and create employment in the process. This is especially true in Somaliland, where more than 80% of the local population of 3.5 million does not have access to modern electricity.
 
Somaliland’s small economy cannot afford large investments in the infrastructure needed for generating energy in the more traditional, 20th century sense. Running electricity lines over long distances to reach a geographically dispersed, off-grid population is simply uneconomical. Moreover, at US$0.85 per kilowatt, the cost of electricity in Somaliland is among the highest in the world.

The Neighborhood Battery System: Conserving Energy and Reducing Emissions in the Netherlands

Qiyang Xu's picture
Electric cars are so popular in the Netherlands that it would not be uncommon, say, for a Tesla to roll up as a taxi outside Amsterdam’s Schiphol Airport. And it is not tough to find charging stations for these cars in neighborhoods, parking lots, or even along the streets.

To reduce carbon emissions, national and local governments are taking various approaches—and, thus, electric cars, solar home systems, and energy-efficient solutions for buildings are booming in Europe. Cities like Amsterdam are front and center of this transformation. Netherlands, for instance,  has an ambitious goal of reducing CO2 emissions by 80–95 percent by 2050 compared with 1990, making it an ideal venue for a Smart Cities Tour earlier this year, where  a group of 26 representatives, including national and municipal officials and World Bank project teams, to learn from the Netherlands’ successful experience in energy sector transformation.

For instance, during a site visit to energy network company Alliander, we saw the pilot of a neighborhood battery system (NBS) in Rijsenhout, a town in the Western Netherlands near Amsterdam. The NBS is a local, community-level energy storage system that employs one large battery to stabilize neighborhood power distribution grids, particularly during peak hours. With a significant and increasing number of electric vehicle charging stations and solar panels installed in communities, electric networks are under increasing pressure to handle the variation between solar power during the day and concentrated peak electricity demand in the evenings and nights. Maintaining stable power supply and enhancing the resilience of the electricity grid to spikes in demand are fast becoming real challenges for these communities. While overhauling the power grids to prepare for these challenges could be costly and time-consuming, these small-scale NBS provide a low-cost, smart alternative solution.
 
Housing of the pilot neighborhood battery system in Rijsenhout, Netherlands.  Credit: Alliander

Malaysia launches the world’s first green Islamic bond

Faris Hadad-Zervos's picture
The green sukuk, or Islamic bond, is a big step forward to fill gaps in green financing. Proceeds are used to fund environmentally sustainable infrastructure projects such as solar farms in Malaysia.
Photo: Aisyaqilumar/bigstock

New climate finance model in Morocco rewards low-carbon policies

Venkata Ramana Putti's picture
 Koza1983


Morocco, the host of COP22 happening this week and next in Marrakech, is an example of a country that is working closely with the World Bank and other organizations to shift its economy onto a low carbon development path.

It just submitted its official climate plan, or nationally determined contribution, NDC, where it pledges a 42% reduction below business-as-usual emissions by 2030. This is 10 percentage points more ambitious than it previously laid out, ahead of Paris, and we see the plan affecting a growing number of sectors in the economy. Morocco plans a $13 billion expansion of wind, solar and hydroelectric power generation capacity and associated infrastructure that should see the country get 42% of its electricity from renewable sources by 2020, ramping up to 52% by 2030.

Lending a hand to transform the energy mix of an island nation

Kruskaia Sierra-Escalante's picture
 IFC
The BMR Jamaica Wind project, Jamaica’s largest private-sector renewable energy project. Photo: IFC


Last month, a new wind farm began spinning its blades in Jamaica. At 36 megawatts (MW) it became Jamaica’s largest private-sector renewable energy project, set to diversify the country’s energy matrix, reducing its high electricity prices and generating significant environmental and social benefits.

Climate Investment Funds: The quiet motor behind our most impactful climate investments

John Roome's picture

It does not happen often that one of the finest actors of our time tweets about a World Bank supported project and invites all his fans to have a look at the impressive pictures taken from space. In fact, I can’t remember having seen that before.
 
But this is what Oscar winner and climate activist Leonardo DiCaprio did a few months ago when the Noor Concentrated Solar Plant (CSP) in Morocco—the largest CSP plant in the world - was opened. Once finalized, in two years, it will provide clean energy to 1.1 million households. I visited the plant two weeks ago and it is truly an impressive site. The indirect benefits of the project might even be larger: it has advanced an important and innovative technology, it has driven down costs of CSP, and it holds important lessons for how public and private sectors can work together in the future.
 
I am proud that the World Bank, jointly with the African Development Bank and a number of foreign investors, supported this cutting-edge solar energy project. But it was made possible thanks to the Climate Investment Funds (CIF), which put in US$435 million to “de-risk” the investment, playing an essential role to kickstart the deal. 

Why Zambia’s 6 cents is more significant than Dubai’s 3 cents

Gevorg Sargsyan's picture


Last week Zambia set a new price record for utility-scale solar-generated energy in Africa with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction for 100 MW (2x50 MW) resulted in a price as low as 6 cents/kWh.
 
This is good news for the country, which much like the rest of Sub-Saharan Africa faces acute electricity shortages. Nearly 700 million people in Sub-Saharan Africa don’t have access to electricity.
 
Zambia’s solar auction result followed a series of headline-making auctions in India, Mexico, Peru, and Dubai. In Dubai’s case, the price was as low as 3 cents/kWh -- the lowest price ever offered for solar power. Solar auctions are effectively a competitive bidding process to build power plants and supply a specific quantity of electricity at a pre-agreed price over a specified period of time.

The cost of renewable energy public-private partnerships in developing countries

Jeff Delmon's picture
Also available in: Español

 Tomislav Georgiev /World BankAltruistic and marketing motives aside, a private operator of infrastructure (in particular in an arrangement as highly structured as PPP) is likely to implement renewable energy technology only if profitable and/or mandated in the PPP arrangements. Critics are often angry that private operators think first about the bottom line, rather than make decisions based on the best interests of the environment. This is unfair to some extent, as private companies are often committed to climate friendly efforts (whether truly altruistic or for marketing opportunities). But as a general premise, the private sector will do what you pay it to do.


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