With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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In 2002, only 7,000 Bangladeshi households were using solar panels. Today, more than 1.4 million low-income rural households in Bangladesh have electricity—delivered by solar photovoltaic (PV) panels.... Show More + Installations of the panels under the IDA-supported Rural Electrification and Renewable Energy Development Project have doubled since 2010 to 40,000 a month. A $130 million IDA credit in 2009 and another for $172 million in 2011 followed earlier IDA financing that launched the project in 2002. Competitively priced solar PV panels and a well-designed financing scheme have combined to deliver life-changing—and zero-carbon—electricity to rural families on a scale that was inconceivable only a few years ago. Under the program, non-governmental (NGO) partner organizations install the systems in households following standards, with the households paying 10-15 percent down with the rest financed by a microcredit loan. Funds from IDA, among others, re-finance part of the microcredit e Show Less -
The two-day workshop, hosted by Mustapha Bakkoury, CEO of MASEN, and also a member of SE4ALL’s Advisory Board, addressed these questions:What is the right policy and regulatory framework for utility-scale... Show More + solar power?How to balance domestic manufacturing with deployment of different solar technologies? What are the challenges and opportunities?How to integrate solar power into power systems?What are the optimal pre-requisites for development of large scale solar projects?How to structure appropriate financing and risk management instruments under various development schemes?“Concentrated solar technology is suitable to address our energy security and climate change challenges,” Mustapha Bakkoury said in his opening remarks. “However, CSP needs support to become competitive until the development of large scale CSP projects in an innovative and effective operational mode can provide the necessary economies of scale to bring cost down.”“Making renewable energy viable is essential to achie Show Less -
To achieve these goals, India needs to build domestic capacity to supply its own CSP components rather than import most of them, as is now the case. In addition to its energy benefits, such local manufacturing... Show More + would also boost India’s economic growth.India has already brought down the cost of solar power substantially through the first phase bidding under the JNNSM, which was conducted under a reverse auction model. The World Bank report estimates that with local manufacturing of components, the cost of CSP components in India could fall by 15-30 percent from present levels. It argues that with the right support, this local supply chain could be up and running in 4-7 years. The study was carried out by the World Bank’s South Asia Sustainable Development Department and financed by the Energy Sector Management Assistance Program (ESMAP)."Project implementation until now has been held back by a lack of experience with the technology," said Tarun Kapoor, Joint Secretary of the Mi Show Less -
Global Tracking Framework Report identifies countries with most potential to make “high-impact” progress on sustainable energy and specifies policy measures to scale up actionVIENNA, May 28, 2013 - About... Show More + 1.2 billion people – almost the population of India – don’t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewables happened in China. These are just some of the findings of a unique new report by a multi-agency team led by the World Bank. The report, compiled by experts from 15 agencies, is the first of a series to monitor progress towards the three objectives of the Sustainable Energy for All initiative, launched in 2011 by United Nations Secretary General Ban Ki-moon. The initiative, whose advisory board is co-chaired by World Bank Group President Jim Yong Kim, is mobilizing a global coalition Show Less -