{"id":38315,"date":"2019-06-26T20:05:59","date_gmt":"2019-06-26T18:05:59","guid":{"rendered":"https:\/\/csregypt.com\/?p=38315"},"modified":"2019-06-26T20:05:59","modified_gmt":"2019-06-26T18:05:59","slug":"wb-pledges-220-bn-to-install-210000-mini-grids-in-africa-asia-by-2030","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/wb-pledges-220-bn-to-install-210000-mini-grids-in-africa-asia-by-2030\/","title":{"rendered":"WB pledges $220 bn to install 210,000 mini grids in Africa, Asia by 2030"},"content":{"rendered":"
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The World Bank said about 220 billion dollars is needed to install 210,000 mini grids in regions in Africa and Asia to serve 500 million people by 2030.<\/p>\n

At present the total mini grid investment in countries with low levels of electricity access in Africa and Asia totals $5 billion.<\/p>\n

Across the globe, countries need to actively mobilize private sector investment. This can be achieved by setting up policies that support comprehensive electrification programs, promoting viable business models, and providing public funding, for example through performance-based grants.<\/p>\n

Compared with main grid and solar home systems, mini grids are a more viable solution for areas with high population density and medium electricity demand.<\/p>\n

Extending main grid to serve remote communities is often prohibitively expensive. Globally, at least 19,000 mini grids are already installed in 134 countries, representing a total investment of $28 billion and providing electricity to around 47 million people. Most are deployed in Asia, while Africa has the largest share of planned mini grids.<\/p>\n

\u201cMini grids are now one of the core solutions for closing the energy access gap. We see great potential for mini grid development at scale and are working with countries to actively mobilize public and private investment,\u201d said Riccardo Puliti, Senior Director of Energy and Extractives at the World Bank.<\/p>\n

\u201cThe World Bank has been scaling up its support to mini grids while helping countries develop comprehensive electrification programs. Our commitments to mini grids represent about one-quarter of total investment by the public and private sector in our client countries. The Bank\u2019s portfolio spans 37 mini grids projects in 33 countries, with a total commitment of more than $660 million. This investment is expected to leverage an additional $1.1 billion in cofinancing.\u201d<\/p>\n

In addition to being cost-efficient, mini grids have many other benefits. They have positive environmental impacts: 210,000 mini grids powered by solar energy would help avoid 1.5 billion tons of CO2 emissions globally. They also offer national utilities a win-win solution in the electricity sector by paving the way for more financially viable future grid expansion.<\/p>\n

By the time the main grid arrives, significant demand for electricity would already exist and customers would have greater ability to pay through the generation of productive uses made possible by mini grids.<\/p>\n

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The World Bank said about 220 billion dollars is needed to install 210,000 mini grids in regions in Africa and Asia to serve 500 million people by 2030. At present the total mini grid investment in countries with low levels of electricity access in Africa and Asia totals $5 billion. Across the globe, countries need […]<\/p>\n","protected":false},"author":410,"featured_media":38316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6038],"tags":[6097],"yoast_head":"\nWB pledges $220 bn to install 210,000 mini grids in Africa, Asia by 2030 - Csr Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/wb-pledges-220-bn-to-install-210000-mini-grids-in-africa-asia-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB pledges $220 bn to install 210,000 mini grids in Africa, Asia by 2030 - Csr Egypt\" \/>\n<meta property=\"og:description\" content=\"The World Bank said about 220 billion dollars is needed to install 210,000 mini grids in regions in Africa and Asia to serve 500 million people by 2030. 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