The Arab country in Africa will carry out a project in partnership with the World Bank to revive its electricity supply industry. One of the key priorities is access to affordable energy.
Browsing: electricity
This year, Brazil reached the record-breaking mark of over 11,000 gigawatts of operational power from photovoltaic solar sources. The increase in the price of electricity bills is one of the factors that boosted the demand for clean energy, such as solar.
The Arab country boasts 2,965 megawatts in installed capacity for renewable energy, and it expects to add 10,000 MW by 2030.
Ten credit operations have been approved this month by the state-run bank for investment in distributing companies in several states across Brazil.
A plant in the emirate will integrate landfill gas, solar panels and an agro project. UAE-based company Utico will build the USD 100 million venture.
Brazil saw 4,470 MW year-to-date through July. Energy from wind sources makes up 7% of all power generated in the country.
The Fund believe that the country’s economy will pick up in 2018 and 2019 after a downturn in 2017.
