See more news releases in: Carriers and Services, Telecommunications Equipment, Telecommunications Industry, Wireless Communications, Environmental Issues, Joint Ventures, New Products & Services
GSMA and International Finance Corporation Partner to Support Investment in the Renewable Energy Base Station Market
The overall goal is to make cost effective renewable energy solutions a widely used power source for off-grid locations by 2012. The initiative offers a direct way to accelerate the deployment of renewable energy in off-grid parts of the developing world. IFC plans to identify and pursue green power investments that expand the mobile industry's use of renewable energy powered networks in developing countries. IFC will act independently as an anchored investor, offering developing country mobile operators a variety of financial instruments to enable the implementation of viable business models that leverage renewable power for long term efficiency gains.
"We have estimated that mobile operators across the developing world will
incur a
"IFC is delighted to collaborate with GSMA to enable the expansion of
mobile coverage to remote regions and the under-served in the developing
world, thus bridging the digital divide, based on the highest standards for a
sustainable environment," said
Through the relationship, GPM will offer a Feasibility Study service to mobile operators with an interest in increasing their use of green power solutions. The service involves a technical and financial analysis of an operator's base station network to identify priority candidate sites and optimum renewable energy technology, to forecast capital expenditure and return on investment, and assist with implementation planning. GPM will also be developing training curriculums to provide further technical assistance and educate mobile operators in the process of implementing renewable energy base stations.
GPM has also set up a dynamic and evolving database to monitor the progress that the industry is making towards reaching the GPM target of powering 118,000 new and existing off-grid base stations in developing countries using renewable energy sources by 2012. The industry database of green base station deployments includes details on equipment used, approximate payback period, challenges and successes, and can be viewed at http://www.wirelessintelligence.com/green-power.
An industry report which will be published twice a year will provide a regular update of developments within the sector featuring operator case studies, vendor points of view, interviews, technology analysis and best practice guides - the first issue can be found at http://www.gsmworld.com/documents/gpfm_report_09_annual_review.pdf
About the GSMA
The GSMA represents the interests of the worldwide mobile communications industry. Spanning 219 countries, the GSMA unites nearly 800 of the world's mobile operators, as well as more than 200 companies in the broader mobile ecosystem, including handset makers, software companies, equipment providers, Internet companies, and media and entertainment organisations. The GSMA is focused on innovating, incubating and creating new opportunities for its membership, all with the end goal of driving the growth of the mobile communications industry.
For more information, please visit Mobile World Live, the new online portal for the mobile communications industry, at http://www.mobileworldlive.com or the GSMA corporate website at http://www.gsmworld.com
About IFC
The International Finance Corporation (IFC), a member of the World Bank
Group, fosters sustainable economic growth in developing countries by
supporting private sector development, mobilising private capital, and
providing advisory and risk mitigation services to businesses and
governments. IFC's new investments totalled
SOURCE GSMA
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
![]()
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".
