World Bank Approves Solar Expansion Funding for Liberia
The World Bank has approved US$57 million for Liberia’s renewable energy program. The funding aims to expand the Mount Coffee solar park from 20 megawatts (MW) to 30 MW, add battery energy storage systems, and upgrade the electricity network to improve reliability and access.
Solar Expansion Funding Details
This financing is part of a broader package of US$125 million in World Bank support for Liberia, which includes investments in digital connectivity, energy, and transport projects. Key details include that the solar expansion is associated with the Regional Emergency Solar Power Intervention Project (RESPITE). Reports indicate that the battery energy storage system is expected to have a capacity of 12 MW.
Background
The initiative follows the inauguration of Liberia’s first utility-scale solar plant, which currently operates at 20 MW. The expansion is expected to enhance the country’s capacity for renewable energy generation, making significant progress in its clean energy transition efforts.
Impact
The funding is a critical step in supporting Liberia’s ambitions to address energy shortages and improve service reliability for its population.
Sources
- World Bank Approves US$57 Million for Solar Expansion and Battery Storage as Liberia Accelerates Clean Energy Transition
- Liberia Launches First Utility-Scale Solar Plant, Secures $57 Million
- Liberia Signs US$125 Million World Bank Deal for Power, Roads and Internet
- Liberia Secures $125 Million World Bank Support for Energy, Digital and Infrastructure Projects
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