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Niger has joined the World Bank’s Scaling Solar initiative.
- The World Bank will help the country to tender 50MW of solar generation capacity.
- The Scaling Solar programme supports the deployment of private-sector funded grid-connected solar projects.
Niger Republic has become the latest country to join the World Bank’s Scaling Solar initiative. The World Bank’s private-sector arm, the International Finance Corp (IFC), plans to collaborate with the country’s Ministry of Petroleum, Energy and Renewable Energy and state-owned utility Société Nigérienne d’Électricité to tender and develop 50 MW of solar generation capacity via private-sector investment.
The West African country has set a target of generating 30 per cent of its power from renewable energy sources by 2035. The World Bank will enable the deployment of 50MW of solar, almost 70 per cent of the country’s target.
The World Bank’s Scaling Solar initiative brings together a suite of the Group services under a single engagement to create viable markets for solar power. The program aims to make privately funded grid-connected solar projects operational within two years and at competitive tariffs. The program will create a new regional market for solar investment across multiple countries.