World Bank Group has set up a “global international partnership” to support the deployment of energy storage in developing countries, just a few months after committing a US$1 billion sum to the sector.
Over the next five years, a US$50 million pot will be invested to promote a sustainable supply chain for lithium, graphite and the other minerals and metals
The World Bank plans to make energy storage an integral part of its ‘Scaling Solar’ program, that until now has been focused purely on facilitating large-scale solar tendering, predominantly in Africa.
The World Bank’s groundbreaking US$1 billion loan for Indian solar will partly focus on improving transmission for solar parks and innovation in wind and energy storage hybrids, according to a senior government official.
Malawi’s energy minister was on hand last week as the southeast African country inaugurated its first large-scale standalone battery energy storage system (BESS).
The government of Malaysia has unveiled the next round of its Large-scale solar (LSS) program tender seeking 2.5GW of solar PV co-located with 1.25GW of battery energy storage system (BESS) capacity.
Energy companies are accelerating battery storage deployment in Romania, with Aukera, ENEVO Group and Kraftfeld Energy, and PPC Renewables Romania announcing significant project developments.
IESA president Debmalya Sen talks us through the highlights and challenges of the past year, as India gets to grips with market development and acceleration.
