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In the last few years, IFC has prioritized an approach to creating bankable private sector infrastructure opportunities that is called Scaling focusing not on single asset development, but on a holistic approach that creates a pipeline of infrastructure projects. The essence of the Scaling approach is to develop a robust public-private partnership (PPP) model for a single deal and then replicate it. This spreads costs, enhances impact, and encourages programmatic, competitive tendering, with faster delivery and lower prices genuinely creating new markets. In some countries, this approach involved working with governments to design a process. In others, IFC has worked...
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Floating solar photovoltaic (FPV) technology is considered commercially viable, given the number of largescale projects that have been implemented. Challenges to its deployment remain, however, including the lack of a robust track record; uncertainty about costs; uncertainty about the environmental impact; and the technical complexity of designing, building, and operating on and in water (especially electrical safety, anchoring and mooring issues, and operation and maintenance). This handbook provides developers, utilities, contractors, investors, regulators, and decision makers with practical guidelines on FPV projects. Most of the handbook focuses on technical aspects relating to developing and operating FPV projects; some sections focus...
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The electrification of health centers, schools, and other public institutions has been limited by the slow expansion of national grids, which has staggering consequences for economic growth, poverty reduction, and the accumulation of human capital. Off-grid solar solutions have enormous potential to address the problem, both in Sub-Saharan Africa and across the world, but simply purchasing and installing the units without providing for adequate maintenance is not effective. Installing stand-alone solar units and servicing them through long-term performance-based contracts can give public institutions the electricity service they need at a cost governments can afford.
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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.
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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...
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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.
Although geothermal energy is globally recognized as a clean and reliable source of heat and electric power its development can inadvertently lead to adverse outcomes that disproportionately disadvantage women. Based on good practices and lessons learned, this report introduces ways that geothermal projects can mitigate risks and pursue opportunities to address gender gaps within the project cycle. It outlines the risks and opportunities associated with (i) changes in land and natural resource use, (ii) changes to employment and economic patterns, and (iii) changes to environment and health. Beyond mapping risks and opportunities, the report makes the case for focusing on...
Geothermal power production may result in significant greenhouse gas (GHG) emissions. GHG emissions from geothermal power production, mostly in the form of CO2, are generally low in comparison to traditional base load thermal energy power generation. However, as the geothermal sector has expanded, a wider range of geothermal resources have been brought into exploitation, including geothermal systems with relatively high GHG concentrations in the reservoir fluid. Recent data from Italy (Mt. Amiata) and a number of sites in Turkey show that GHG emissions from geothermal power plants can be higher than 500 g/kWh and in some cases higher than 1000...
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The Hydropower Sustainability Tools (HSTs) are a suite of assessment tools and guidance documents developed by a multi-stakeholder forum, aimed at driving continuous improvement in hydropower development and operations. They are useful beyond their original purpose as audit tools and can be used in World Bank Group (WBG) client countries to build capacity for sustainable hydropower. The environmental, social, and governance topics addressed by the HSTs are deliberately aligned with WBG frameworks, which provides opportunities for the tools to be used as complements to World Bank Group standards, including to help clients meet WBG requirements and support WBG staff in...
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