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Solar energy is expanding rapidly in the Middle East, including Yemen
, which has been plagued by conflict since 2015.
Now, the United Nations Development Association (IDA) is providing Yemen with another $50 million to develop off-grid solar
.
The World Bank Group said it would provide $50 million in financing
for off-grid solar projects in Yemen through IDA.
The project aims to improve the level of
electrification in rural and urban communities in Yemen.
According to the World Bank, solar PV has proven to be the most effective immediate solution
to Yemen's severe energy shortage.
The booming solar industry has been developed through the private sector, but the cost of technology remains a major concern
.
In addition to financing off-grid solar systems in rural and peri-urban areas, the Bank's support aims to help improve or restore access to
electricity for 1.
4 million people.
In addition, the funds will be used for new construction and reconstruction projects of vital infrastructure such as hospitals, schools, water utilities and rural electricity supply
.
"The lack of electricity in Yemen has had a devastating impact on Yemenis and the provision of services," said
Dr.
Asad Alam, World Bank Group Country Director for Yemen, Egypt and Djibouti.
"While responding to immediate needs, the project will help build a more inclusive and sustainable solar market in Yemen through targeted financing to the private sector, which will amplify its impact
on the poor and vulnerable.
"
"Investing in solar will make Yemen's electricity more resilient, reduce dependence on vital service facilities for fuel, and create jobs in the private sector," said
Joern Torsten Huenteler, an energy expert at the World Bank and head of the project task force.
"What is needed today more than ever is rapid and innovative energy solutions to help alleviate the crisis
.
"
Solar energy is expanding rapidly in the Middle East, including Yemen
, which has been plagued by conflict since 2015.
Now, the United Nations Development Association (IDA) is providing Yemen with another $50 million to develop off-grid solar
.
The World Bank Group said it would provide $50 million in financing
for off-grid solar projects in Yemen through IDA.
The project aims to improve the level of
electrification in rural and urban communities in Yemen.
According to the World Bank, solar PV has proven to be the most effective immediate solution
to Yemen's severe energy shortage.
The booming solar industry has been developed through the private sector, but the cost of technology remains a major concern
.
In addition to financing off-grid solar systems in rural and peri-urban areas, the Bank's support aims to help improve or restore access to
electricity for 1.
4 million people.
In addition, the funds will be used for new construction and reconstruction projects of vital infrastructure such as hospitals, schools, water utilities and rural electricity supply
.
"The lack of electricity in Yemen has had a devastating impact on Yemenis and the provision of services," said
Dr.
Asad Alam, World Bank Group Country Director for Yemen, Egypt and Djibouti.
"While responding to immediate needs, the project will help build a more inclusive and sustainable solar market in Yemen through targeted financing to the private sector, which will amplify its impact
on the poor and vulnerable.
"
"Investing in solar will make Yemen's electricity more resilient, reduce dependence on vital service facilities for fuel, and create jobs in the private sector," said
Joern Torsten Huenteler, an energy expert at the World Bank and head of the project task force.
"What is needed today more than ever is rapid and innovative energy solutions to help alleviate the crisis
.
"
