Scaling Up Renewable Energy

Renewables offer a viable path forward in meeting growing energy demand, especially in developing countries.

Harnessing these clean, self-replenishing, and bountiful natural resources, including solar and wind, diversifies countries’ power portfolios, increasing generating capacity and lowering the cost of electricity while also tackling climate change. The ability to provide universal access to affordable, reliable, and sustainable power—connecting the unconnected with modern electricity for the first time—is central to Sustainable Development Goal (SDG) 7 and at the core of IFC’s energy strategy in emerging markets.

IFC supports the deployment and scaling up of renewables through two main approaches: