Bank Group energy financing including IBRD, IDA, IFC and MIGA guarantees, totaled $43 billion over the five years since 2010, of which more than $19 billion was for energy efficiency and renewable energy projects. Over the last four years, low-carbon generation lending made up 94% of total WBG generation lending. More than two-thirds of 2014 energy lending went to Sub-Saharan Africa and South Asia, the two regions with the largest energy deficit.
Energy Access. Between 2012 and 2014, Bank Group financing brought new or improved electricity to over 35 million people. In Rwanda, IDA support helped the Government of Rwanda provide nearly one million Rwandans with electricity between 2009-2012, a threefold increase. Schools and health centers achieved a 70% increase in electricity connections. In Bangladesh, more than 1.4 million low-income rural households in Bangladesh now have electricity—delivered by solar PV panels—thanks to a major project partly financed by the Bank’s IDA.
Energy Efficiency. Among the energy efficiency projects is financial and analytical support for a $104.3 million Green Energy for a Low-Carbon City in Shanghai, featuring EE/RE measures in buildings, clean energy from renewable and natural gas, energy-efficient vehicles and public transport; similar initiatives are under way in eight other Chinese cities. ESMAP also provides assistance to city governments in developing their EE options, and serves as a knowledge clearinghouse for best practices on energy-efficient urban development.
Renewable Energy. Projects include support for concentrating solar plants in North Africa, off-grid household solar in Mongolia, wind farms in Turkey, and geothermal power in Kenya. Support for hydropower has included financing for the Bujagali run-of-river hydropower project, now meeting half of Uganda’s electricity needs and that has nearly eliminated blackouts. Two IDA credits supported the Felou hydroelectric project, increasing by 63 MW low-cost power to utilities in Mali, Mauritania and Senegal. In South Africa, IFC is investing $143 million and coordinating $264 million in parallel loans for construction of two concentrated solar power projects. In Indonesia, the Bank is helping boost geothermal power generation capacity in South Sumatra and North Sulawesi, to add 150 MW of capacity, thereby displacing coal-based power generation.
World Bank Group Financing for Energy by Type, Fiscal Years 2010-14 (Revised US$ Millions)
|Gas fired generation
|Coal and Oil
|Policy and Institutional
For more information, please see: www.worldbank.org/energy
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Last Updated: Sep 22, 2014