World Bank to back renewables in Haiti with USD-35m grant

The World Bank on Thursday announced the approval of USD 35 million (EUR 30m) in grants for renewable energy investments and improved electricity access in Haiti.

The financing will be extended under two grants from the Climate Investment Fund (CIF) as part of the World Bank’s efforts to enhance clean energy development. It will be allocated for the projects named Renewable Energy For All and Haiti Modern Energy Services for All that aim to provide better environment for private investment in clean energy, expand electricity access in underserved rural and urban areas, and improve local communities’ awareness on the use of renewables. Private operators, non-governmental and community organisations can also receive financing under the schemes for providing solar lanterns, and individual and residential solar power arrays.

Of the total USD 35 million, some USD 19.62 million will go for the Renewable Energy for All project under the World Bank’s Scaling-up Renewable Energy Programme. The World Bank will extend the remaining USD 15.65 million from its Clean Technology Fund (CTF) for the Modern Energy Services for All project.

According to the World Bank, only one in three people in Haiti has access to electricity, which is very limited in rural areas.

(USD 1.0 = EUR 0.857)

Choose your newsletter by Renewables Now. Join for free!