WBG RENEWABLE INVESTMENT: $5 BLN
WBG - In a major announcement at the One Planet Summit here today, the World Bank Group committed $1 billion for a new global program to accelerate investments in battery storage for energy systems in developing and middle-income countries. The program is expected to help these countries ramp up their use of renewables – particularly wind and solar power – improve energy security, increase grid stability and expand access to electricity.
The $1 billion in World Bank Group financing is expected to mobilize another $4 billion in concessional climate…
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