Article length: 1117 words
Ethiopia: WBG to provide guarantees for renewable IPP programme
The World Bank Group (WBG) board of directors on 23 May approved guarantees worth up to $200m for renewable energy independent power producer (IPP) projects in Ethiopia under the International Development Association’s Renewable Energy Guarantees Programme (Regrep). The programme will be implemented in phases until end-2025, starting with a $10m guarantee for the $120m 100MW Metehara solar photovoltaic (PV) project and followed by three further phases. The guarantee programme could eventually support projects worth more than $1.5bn, adding more than 1GW of wind and solar PV capacity to the grid.
Credit value: 14