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...
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This report elucidates the role of financial innovation in the off-grid solar sector and provides a roadmap for practitioners, financiers, and entrepreneurs navigating capital raises for companies active in the sector. It examines a full range of established and frontier financing options. It illustrates that some technology-enabled financial innovations, such as peer-to-peer business lending, are already playing an important role in the sector. It was prepared by the World Bank Group and the Cambridge Centre for Alternative Finance, the University of Cambridge Judge Business School, with support from ESMAP.
The report, a joint effort between the World Bank’s Social Development Global Practice and International Finance Corporation (IFC) advisory services, is based on the idea that local engagement, for example, through benefit sharing, is an important way for better risk management and creating a more enabling environment for renewable energy development. It finds that the underlying causes of the conflicts are diverse, complex, and dynamic: influencing factors include historical struggles over poverty and inequality, land ownership, mistrust in public and private institutions, a lack of free, prior and informed consultations (FPIC) before investment flows into the region and oftentimes a...
This technical guide is the fourth in a series of four technical guides on variable renewable energy (VRE) grid integration produced by the Energy Sector Management Assistance Program (ESMAP) of the World Bank and the Global Sustainable Electricity Partnership (GSEP). It provides guidance on the role and benefits of forecasting as a cost-effective operational solution to manage the uncertainty of VRE generation and facilitate the integration of larger shares of these resources in the energy mix. The guide focuses primarily on the types of forecasting methods and how physical and statistical models are used for developing short- to long-term forecasts....
The Caribbean Forum on Energy, Transport, and Resilience was held at the Bay Gardens Hotel, Rodney Bay, Saint Lucia, from June 26 to 27, 2019. It was hosted by the Organization of American States (OAS) and the Government of Saint Lucia, with support from the Organisation of Eastern Caribbean States (OECS) Commission. With the objective of exploring new technologies and combining them with existing regional experiences in sustainable urban development, the event had an overall goal to design a roadmap for the Caribbean smart cities of the future. The forum sought to further public-private exchanges among governments, energy and transportation...
Well-integrated planning models can help cover the whole planning spectrum - from the national level down to granular distribution at the village level. Integration of models is critical to ensure that investment plans are realistic and accurately reflect the costs that utilities face in practice. The foregoing review of power system planning models and sophisticated stand-alone geographic information systems (GIS) - based models suggests the following questions: is there a need to bring the two paradigms closer? If so, do analytical frameworks exist to accomplish the task? Key word: technology need; increase in energy consumption; Access to Electricity; power system...
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