IISD-February 2016 Sustainable Energy Finance Update

 

 

1 March 2016: During the month of February, the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Nordic Environment Finance Corporation (NEFCO) and the World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and EIB released publications related to finance and the clean energy sector, and AfDB, EBRD and the World Bank reported on events highlighting sustainable energy solutions.

 

The announced funding will be deployed in Albania, Belgium, Bosnia and Herzegovina, the former Yugoslav Republic (fYR) of Macedonia, France, Indonesia, Jordan, Senegal, Seychelles, Tanzania, Turkey, the UK and Ukraine.

 

In Albania and the fYR of Macedonia, the EU announced a €12 million grant to construct the first electricity connector between the two countries and introduce grid efficiency improvements. The project is part of an effort to introduce a regional electricity market in the Western Balkans, allowing transmission and production capacity to be managed in such a way as to reduce waste and excess capacity. [EBRD Press Release]

 

In Belgium, EIB and Belfius Bank are partnering under their Smart Cities & Sustainable Development programme to finance two projects in the municipality of Silly: the full redevelopment of Square Camille Theys in the village of Bassilly; and the installation of 42 solar photovoltaic (PV) panels on the municipal school in Graty. [EIB Press Release]

 

 

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