EoIs sought for solar letters of credit

The World Bank is seeking expressions of interest by 7 February from banks interested in providing one or more long-term standby letters of credit to solar power projects approved as part of the Scaling Solar initiative. The letters of credit will be supported by a payment guarantee from the World Bank’s International Development Association. Scaling Solar brings together the suite of World Bank services into a single programme designed to speed up the adoption of solar power technology in sub-Saharan Africa.