Renewable energy has seen a resurgence at the World Bank.
A recent report on the bank’s energy lending shows funding for renewable sources of energy reached $3.5 billion in fiscal year 2014 — 38 percent of total lending for power generation and up nearly 126 percent from renewable energy lending in fiscal 2013.
Total funding to hydropower generation alone increased more than twofold: from 677 million in fiscal 2013 lending for hydropower rose to $2.3 billion this year.