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Developing Nations Face $1.7 Trillion Clean Energy Investment Shortfall, UNCTAD Says
This funding gap is part of a total $4 trillion annual shortfall developing nations are facing in terms of sustainable development goals.
- Categories
- Energy, Technology
- Region
- Global
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Making a Successful Business Pivot During the Energy Transition: Three Lessons from an Auto Supplier Diversifying into Renewables
As efforts to decarbonize the world’s energy systems accelerate, many industries and companies face both new challenges and tremendous opportunity — and the automotive industry is a highly visible proving ground for this shift. Diana Páez and Dana Gorodetsky at the William Davidson Institute explore how Bosal, a global automotive supplier, is leveraging its expertise with internal combustion engine-related products to expand into the renewable energy market, and share some lessons from its evolution that can be valuable to other companies affected by the energy transition.
- Categories
- Energy, Technology, Transportation
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Press Release: IFC Invests in ENGIE’s Decarbonization Program in Chile
This financing will help the company transition to renewable power generation with the installation of Battery Energy Storage Systems (BESS).
- Categories
- Energy, Technology
- Region
- Latin America
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U.S. Launches $7 Billion Program to Bring Solar to Low-Income Households
The Environmental Protection Agency on Wednesday launched a $7 billion competitive grant program that aims to give low-income communities access to residential solar panels.
- Categories
- Energy, Technology
- Region
- North America
- Tags
- renewable energy, solar
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Press Release: Distribution Network Infrastructure Drives Down Capex And Boosts IRR For Mini-Grids, CrossBoundary Mini-Grid Innovation Lab Finds
Analysis of data from 2020 to 2023 shows that the adoption of grid densification positively impacts grid economics, customer acquisition, and grid utilization.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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World Bank Approves Indonesia Loan, Funding for Clean Energy and Health
The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia.
- Categories
- Energy, Technology
- Region
- South Asia
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A Blueprint for Productive Use of Clean Energy: An Accelerator in Nigeria Generates Solutions for Linking Mini-Grids to Agricultural Equipment in Rural Communities
There are over 70 mini-grids operating in Nigeria today, and similar businesses are delivering clean energy in other underserved communities around the world. But as Scarlett Santana at RMI explains, serving these markets presents unique challenges, since if customers lack productive uses for the electricity they sell, mini-grids’ revenue model fails. She explores how mini-grids can address this challenge by partnering with agricultural equipment providers, and discusses an accelerator co-led by RMI that is providing the ecosystem to make these partnerships happen.
- Categories
- Agriculture, Energy, Investing
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Senegal Secures $2.74 Billion Investment Plan From G8 Member Countries
Senegal's Just Energy Transition Partnership (JETP) agreement aims to achieve 40% renewable energy capacity by 2030, with a draft investment plan underway.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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