IFC

China Three Gorges Builds Its First Wind Farm in Pakistan

The China Three Gorges Corporation has official wrapped up construction work on its first wind farm in Pakistan, as part of vigorous efforts by the state-owned renewable energy giant to expand into the South Asian market. Total investment for the Three Gorges wind farm in Pakistan was $130 million, for the creation of total installed capacity of … [continued]

Peru, South American Nations Turn to Reverse Auctions to Accelerate Renewable Energy Development

Peru and other governments in South America, including Brazil and Uruguay’s, are making headway as they strive to develop renewable energy resources that reduce CO2 and greenhouse gas (GHG) emissions and environmental degradation while at the same time boosting economic activity and jobs growth. In doing so, they’re turning to reverse auctions, as opposed to Feed-in Tariffs (FiTs) or other incentives, as a market-based mechanism to foster growth of renewable energy capacity. […]

Fueling India with Corn Husks

In Bihar, one of the poorest states in India, 85 percent of people are not connected to the electricity grid. Households use kerosene lamps when they can afford it, and businesses use expensive and dirty diesel generators.

Some view this “energy poverty” as a development problem. Others view it as an environmental problem. The founders of Bihar-based Husk Power Systems view it as an opportunity to build a social enterprise. […]