World Bank Group Energy Lending Focuses on Poorest Regions - Boost in Renewable Energy Financing
Story Highlights:
- Over two-thirds of $9.445 billion for energy financing in FY14 went to regions facing the largest energy deficits – Sub-Saharan Africa and South Asia.
- At $3.6bn, FY14 is one of the strongest years on record for Renewable Energy lending.
- IFC renewable and energy efficiency lending went from $1bn in 2013 to over $1.4bn in 2014 - a record 25 percent going to wind energy.