WASHINGTON – The World Bank’s Board of Executive Directors approved on Thursday, March 11, 2021 a total of $22.5 million in additional financing to the Regional Off-Grid Electricity Access Project (ROGEAP) -in the form of grants from the International Development Association (IDA)* and the Clean Technology Fund (CTF) – to support the development of […]
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Fossil fuel giant RWE seeks compensation for Dutch decision to end coal generation by 2030
German energy giant RWE has filed an arbitration claim against the Netherlands, seeking compensation for the Dutch decision to phase-out electricity production from coal by 2030, invoking the Energy Charter Treaty (ECT), an international investment agreement signed in 1994. The ECT protects foreign investments in energy supply and allows investors to seek compensation […]
Electricity access is declining in sub-Saharan Africa but solar offers a way forward, says IEA chief.
Electricity access has fallen for the first time in seven years in sub-Saharan Africa, but a boost to solar power could offer a way forward, says the chief of the International Energy Agency (IEA). An additional 13 million people across sub-Saharan African countries did not have any access to electricity this year, according to the IEA, an […]
South Africa’s Cities to Switch to Solar as Power Monopoly Ends
South Africa’s biggest cities are preparing to source their own power after the energy ministry this month approved letting them wean themselves off the state utility that’s subjected cities to outages for the past 13 years. Johannesburg and Cape Town, which have a combined population of about 10 million people, plan to diversify away from the […]