The World Bank says its group funding for hydropower, other renewable energy projects, and energy efficiency increased 67 percent in the previous year to US$1.43 billion. Of that, the bank said, in the year ending June 30, it allotted US$751 million for hydropower projects of more than 10 MW. It awarded US$421 million for new renewable energy projects, including hydropower up to 10 MW, wind, solar, biomass, and geothermal projects. Energy efficiency projects received US$262 million. "The World Bank considers hydropower, regardless of scale, as renewable energy," the bank said. "However, for reporting purposes, hydropower projects in which the installed capacity at a single facility exceeds 10 mw are reported separately." The bank said there has been a steady increase in the share of financing the World Bank Group committed for renewable energy and energy efficiency projects since 1990, with total financing topping US$11 billion.
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