Solar Power Operations

Solar energy is of critical importance in achieving global strategic goals, including those under the Paris Agreement and SDGs, in particular it is crucial for reaching net zero emissions by 2050. Solar power is to play a central role in the global energy system’s transition, which will require scaling up annual installed capacity to 630 gigawatts (GW) per annum (more than four times the level installed worldwide in 2020). This strategic importance requires all MDBs, including the EBRD, most governments, and many private companies and civil societies to increase their engagement in the solar sector.

This report contains a review of EBRD operations and policy dialogue in support of utility-scale solar projects until the end of 2020. Based on the assessment of a sample of 10 projects in six countries and a thorough portfolio analysis, the evaluation identifies trends, lessons and themes relevant to this sector.