September 24, 2019
UK, France, Netherlands Commit US$350m to Emerging Storage and Solar
A handful of European states have moved to bankroll various World Bank clean energy initiatives, with £200 million (US$250 million) of UK money to back energy storage in middle-income and developing countries. The funding comes as part of the Climate Investment Funds’ Global Energy Storage Program, which runs in collaboration with the World Bank’s Energy Storage Partnership. The program has an aim of financing 17.5GWh of battery storage by 2025, over triple the 4-5GWh installed across all developing countries, the World Bank said.
