UAE-Based Masdar Backs India’s Hero Future Energies with $150 Million Investment
In a significant development for the domestic renewable industry, the United Arab Emirates-based Masdar has invested around $150 million (~₹10.7 billion) in Hero Future Energies, one of the leading names ...
Japan’s Univergy to Invest $200 Million in Zambian Solar Projects
Univergy Solar, a renewable energy company, based in Japan, is going to invest more than $200 million in two solar projects in the central African nation of Zambia. This is ...
UAE-Based Masdar Wins Bid to Develop 100 MW Solar Project in Uzbekistan
Masdar (or Abu Dhabi Future Energy Company) has announced that it has won the bid to develop Uzbekistan’s first public-private partnership (PPP) solar project under the International Finance Corporation’s (IFC) ...
Tata Power and IFC to Study Energy Storage Potential in Power Distribution System
Tata Power Delhi Distribution (TPDDL) and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have signed a memorandum of understanding (MoU) to assess the energy ...
IFC Extends Financing Package for 60 MW of Solar Projects in Senegal
The International Finance Corporation (IFC), the financial arm of the World Bank, has finalized the financing of two grid-connected solar photovoltaic (PV) projects aggregating 60 MW in Senegal. The finalization ...
IFC and HSBC Establish Green Bond Fund Focused on Providing Access to Climate Finance
The International Finance Corporation (IFC), the financial arm of the World Bank, along with HSBC Global Asset Management, has announced their first global green bond fund aimed at “real economy” ...
World Bank Launches Energy Efficient Cooling Program for Developing Countries
The World Bank has established a new Efficient, Clean Cooling Program to accelerate the uptake of sustainable cooling solutions, including air conditioning, refrigeration and cold chain in developing countries. The program will ...
Hero Future Energies to Receive $43 Million from IFC for a 250 MW Solar Project in Rajasthan
Clean Solar Power (CSP), a step-down subsidiary of Hero Future Energies Global Ltd. (HFE), is set to receive a debt financing of up to $43.3 million from International Financial Corporation ...
Maharashtra Partners with IFC for Green Buildings in the State
The Maharashtra State housing department has entered into a memorandum of understanding (MoU) with the International Finance Corporation (IFC) to promote green housing. The MoU is partly funded by IFC’s ...
World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa
The World Bank has committed $22.5 billion to Africa for climate adaptation and mitigation in the next five years. The funding is part of the World Bank’s 2025 target to accelerate ...
IFC Announces Investment of $75 Million in AC Energy’s Green Bonds
The International Finance Corporation (IFC) has announced that it has committed an investment of $75 million in the first-ever listed green bond issued and guaranteed by AC Energy, the power ...
Uzbekistan Issues Tender for 100 MW Solar Projects on Pilot Basis; Plans to Scale to 900 MW
Uzbekenergo JSC, a government-owned power utility, has issued request for selection (RfS) for 100 MW of grid-connected solar projects to be developed in Navoi Oblast. According to the Uzbekistan government, ...
UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy
Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
Namibia Announces Issuance of its First Green Bond
In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank ...
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects
The International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue has attracted strong investor demand, ...
Azure Offers 14,800,000 Equity Shares on New York Stock Exchange at $12.50
Azure Power Global has offered another 14,800,000 equity shares on the New York Stock exchange. Per the company, it has priced its underwritten public offering of 14,800,000 equity shares at a ...
Philippines to Turn to EVs and Solar Powered Charging Stations to Curb Emissions
Philippines is shifting towards large scale adoption of electric vehicles and solar powered charging stations to fight emissions and climate change. “A low-carbon path in the transport sector is an ...
IFC to Issue Green Bonds Worth $90 Million in Philippines
International Financial Corporation (IFC), a member of the World Bank group, has issued its first internationally rated triple-A peso-denominated green bond which is equivalent to $90 million. The bond, called ...
IFC and Canadian Government to Provide $25 Million for a Solar Project in Zambia
The International Financial Corporation (IFC), a member of the World Bank Group, and the government of Canada have joined hands to support Zambia with $25 million in financial aid for ...
Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects in India
Indian renewable energy project developer Azure Power has raised $135 million in debt financing from a consortium of development finance institutions. The proceeds will be used to finance approximately 200 MW of ...
IFC Signs Mandate to Foster Uzbekistan’s Renewable Energy Expansion
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private ...
IFC to Invest $8 Million in Lithium Urban Technologies
The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $8 million in Lithium Urban Technologies Private Limited, a corporate employee transportation (CET) aggregator in ...
IFC and Government of Canada Invest in Yoma Micro Power
The International Finance Corporation (IFC) has taken stake in a Yoma Strategic Holdings project to power rural communities in Myanmar. This investment will raise up to $28 million through equity ...
Mahindra Renewables Achieves Financial Closure for 250 MW Project in Rewa Solar Park
Mahindra Renewables, a wholly-owned subsidiary of Mahindra Susten, has achieved financial closure for a 250 MW grid-connected solar photovoltaic (PV) project being developed in the Rewa Solar Park in the ...
