Bangladesh renewable energy market receives support from the World Bank

Bangladesh Renewable Energy Market - Flag of Bangladesh

World Bank invests $55 million into Bangladesh The government of Bangladesh has entered into a new deal with the World Bank. Per the deal, the World Bank will provide $55 million to help expand the use of renewable energy in rural parts of the country. The Bangladesh renewable energy sector has been growing slowly in recent years, but new investments have been adding more momentum. The country is now working to bring clean power to rural communities in order to ensure they have reliable access to the electricity they need.…

Read More

Renewable energy to expand in Vanuatu

Renewable Energy - Flag Vanuatu

World Bank will provide funding for renewable energy in Vanuatu The island nation of Vanuatu is set to gain more access to renewable energy due to a new initiative launched by the World Bank. The World Bank has announced approval $4 million in funding for the Vanuatu Rural Electrification Project II. The project is meant to expand the nation’s use of renewable energy in order to make it more independent and open up new economic opportunities. The initiative intends to provide renewable energy for approximately 45,000 people in Vanuatu. Funding…

Read More

Global project aims to determine potential of wind energy in Africa

DNV is helping develop an atlas that will provide valuable information concerning wind energy The World Bank is backing a global program that is designed to study and determine the wind energy potential in countries throughout the world. The program has begun to focus its efforts on African countries, which have begun showing strong support for wind power. Through the project, DNV GL, a leading technical assessment and classification organization, is examining the wind potential that can be found in Zambia, Tanzania, and the Maldives. Project has successfully uncovered promising…

Read More

New campaign aims to bring renewable energy to all

Power For All intends to bring electricity to communities that have limited access to power Power For All has launched a campaign that aims to bring electricity to hundreds of millions of people in several parts of the world. It is estimated that more than 1 billion people do not have reliable access to energy. In order to remedy this issue, Power For All will focus on promoting renewable energy, which may make it possible for communities in rural areas to have access to the electrical power that they need.…

Read More

Geothermal energy expected to see growth in 2015

The GEA expects geothermal to experience forward progress in the U.S. and around the globe. The geothermal markets in the United States and around are the world are anticipated to grow this year, according to the Geothermal Energy Association (GEA), with strong growth expected to be seen in global markets and slower growth in America, due to U.S. state and federal policy adjustments. 2014 was a strong year for geothermal power. The GEA reported that the global market reached a combined added growth of 700 megawatts (MW) of operational geothermal…

Read More

Jordan to invest in renewable energy

Jordan is set to commission 1,800 MW of clean energy projects by 2018 Countries throughout the Middle East are beginning to invest heavily in renewable energy. These investments are backed by environmental concerns and economic interests, as many countries see clean energy as a way to mitigate climate change and capitalize on economic growth. Jordan is one of the countries that has begun to support clean power. The country has announced that it will be commissioning 1,800 megawatts worth of wind and solar energy capacity by 2018. Solar energy may…

Read More

Norwegian sovereign wealth fund could support renewable energy

Norway’s wealth may prove to be a major boon for clean energy endeavors Norway is set to make a bold move concerning its support for renewable energy. Prime Minister Erna Solberg has announced that the country will increase the exposure of its sovereign fund to clean energy. This means that an as yet undetermined portion of the country’s $920 billion wealth fund, which is the largest in the world, will go toward the financial support of promising clean energy projects. Norway has already been identified as an advocate for clean…

Read More

St. Lucia sets sights on geothermal energy

St. Lucia government has begun taking an aggressive approach to renewable energy St. Lucia has begun exploring the potential of geothermal energy as several of its neighbors in the Eastern Caribbean begun using this form of renewable energy as a replacement for fossil-fuels. Dominica, Nevis, and Montserrat have been looking into the capabilities of geothermal power for some time and their interest in this form of energy is beginning to grow more aggressive and expand throughout the Caribbean. Renewable energy represents a significant degree of economic promise for island nations,…

Read More

India could have a bright future with solar energy

Solar finds a welcome home in India Solar energy has been showing impressive growth in India in recent years. The country has been working to bolster its use of renewable energy for economic and environmental reasons. As such, the country has become one of the most active markets in the world when it comes to solar energy. India’s potential has not gone unnoticed, of course. Apart from the solar developers that have been flocking to the country, the World Bank has been expressing high hopes for the Indian solar market.…

Read More

Solar energy comes to Tanzania

New solar energy system taking form in Tanzania A new solar energy system is beginning to take form in Tanzania, located on the eastern shore of Africa. The system is meant to combine the potential of geothermal and solar energy, providing significant amounts of power to communities in rural areas, much of which currently goes without access to electrical power of any kind. According to the World Bank, approximately 3% of people in rural Tanzania have access to electricity, with 95% relying on firewood to provide heat. World Bank invests…

Read More

Ethiopia makes progress in solar energy initiative

Solar energy brings power to Ethiopian communities Throughout Africa, many communities exist without a connection to a dedicated energy grid. For many of these communities, electricity is an expensive luxury or otherwise inaccessible. Despite this, however, the demand for energy has been steadily growing, especially as access to clean water becomes more strained. In Ethiopia, solar energy may be able to help bring electrical power to grid-less communities. According to the Ethiopian Ministry of Water and Energy, some 13,200 solar energy systems have already been installed across the country. Funding…

Read More

Geothermal energy receives the support of the World Bank

Geothermal Energy

World Bank announces plans to fund geothermal energy projects The World Bank, one of the largest financial institutions in the world, has announced that it will be providing funding for international geothermal energy projects. The institution has been showing increasing support for renewable energy in recent years, citing economic concerns regarding the effects of climate change, as well as the economic benefits of clean forms of power. Geothermal energy has received modest attention from the institution in the past, but new funding from the World Bank is expected to help…

Read More

Energy Authority of Maldives reveals new alternative energy plan

Male - Alternative Energy News

Energy Authority of Maldives to launch new plan to save the country The Maldives has become a loud voice in alternative energy advocacy. According to government officials, the country is vanishing due to the effects of climate change. As sea waters rise, the small island country is beginning to be overwhelmed by the ocean. Disregarding the controversy surrounding the topic of climate change, the Maldives has chosen to take steps to abandon fossil-fuels in the hopes of saving the country. The Energy Authority of Maldives has announced a new alternative…

Read More