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Infrastructure

Industries > Infrastructure  > Power 
Scaling Solar brings together several World Bank Group services under a “one stop shop” to help governments mobilize privately funded grid-connected solar projects at competitive tariffs
IFC partnered with Abengoa Solar in South Africa to provide an innovative financing package to support the construction of the region’s first concentrated-solar power plants.
IFC has teamed up with SunEdison to support two landmark solar projects in Chile.
IFC and Ciprel partnered on a trail blazing public-private partnership to convert a gas-fired plant into a combined cycle plant.
IFC led a diverse group of development finance institutions to finance Cameroon’s biggest Independent Power Project (IPP).

Power

Enhancing access to power is a key priority for IFC and the wider World Bank Group. An estimated 1.2 billion people live without electricity, almost all of them in developing countries and nearly half in Africa. For those who do have access, supply is often irregular and expensive making studying, charging cell phones or cooking much more difficult. Firms in developing countries cite electricity access more frequently than any other obstacle to doing business.

 

IFC finances electricity generation, transmission and distribution investments across a range of technologies with a focus on natural gas and renewable energy such as solar, wind and hydro. We have financed more than 320 power projects in over 60 countries representing over 33,000 megawatts (MW) of generation capacity.

 

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