Battery technology is evolving at a breathtaking pace. As performance improves and costs fall, batteries are already critical for consumer electronics, such as mobile phones, and are paving the way for the electric vehicle market. The battery revolution doesn’t end there. Battery systems are also transforming intermittent renewable energy - such as solar and wind - by making them much more financially attractive. Investors are taking notice. But while the versatility of batteries makes them attractive, it is difficult to determine their economic value. Understanding where and why batteries are most successful remains challenging, as each situation is different based...
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A significant benefit of floating solar is that it doesn’t take up valuable space on land - meaning that it can be used for other purposes, such as farming or construction. Installing floating solar farms on bodies of water, such as reservoirs, avoids this issue. Hydropower reservoirs alone cover a surface of more than 250 thousand square kilometers worldwide - enough to host enough floating solar capacity to produce 2.5 times the electricity produced by all the underlying hydropower capacity. As the technology develops, the costs and technical challenges are expected to fall. Demand for floating solar power will also...
Offshore wind—harvested by turbines anchored in the ocean - can provide a large scale, affordable renewable energy source allowing the shift away from coal and fossil-based power in many regions by 2050. The transition to more renewable energy would allow climate change mitigation, energy security, reducing the dependency on fossil fuel imports, local air pollution, and creating new jobs. The Rising Tide of Offshore Wind is in a series of publications by the International Finance Corporation, a member of the World Bank Group.
The recent advances in battery technology and reductions in battery costs have brought battery energy storage systems (BESS) to the point of becoming increasingly cost-effective projects to serve a range of power sector interventions, especially when combined with PV and where diesel is the alternative, or where subsidies or incentives are used. Quantifying the economic impact of BESS requires a high level of temporal granularity in the analysis, because the time-steps required for a reliable assessment of costs and benefits are much shorter than the usual annual time steps of many power sector investment projects. In short, there is as...
The 2018 Energy Report Card for Dominica provides an overview of energy sector performance and includes energy efficiency, projects, technical assistance, workforce, training and capacity building information, subject to the availability of data. Key Words: ERC, Energy Report Card
The 2018 Energy Report Card for Grenada provides an overview of energy sector performance and includes energy efficiency, projects, technical assistance, workforce, training and capacity building information, subject to the availability of data. Key Words: ERC, Energy Report Card
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Solar radiation is essentially a free resource available anywhere on Earth, to a greater or lesser extent. Solar PV power plants convert solar radiation into electricity. In the current era of global climate change, PV technology becomes an opportunity for countries and communities to transform or develop their energy infrastructure and step up their low-carbon energy transition. Until now, a global and harmonized assessment of country-level PV potential has not existed. This report aims to provide an aggregated and harmonized view on solar resource and PV power potential from the perspective of countries and regions, assuming a utility-scale installation of...
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This Terms of Reference (TOR) document was developed by the Energy Sector Energy Management Assistance Program (ESMAP), a global knowledge and technical assistance program administered by the World Bank (WB), under a multi-year program on Renewable Energy ResourceAssessment and Mapping that ran from October 2012 to June 2020. The TOR document is being made publicly available to facilitate future measurement campaigns that may be carried out by the World Bank Group, client governments, or other development partners.
The 2018 Energy Report Card for Barbados provides an overview of energy sector performance and includes energy efficiency, projects, technical assistance, workforce, training and capacity building information, subject to the availability of data. Key Words: ERC, Energy Report Card
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