IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal
International Finance Corporation (IFC), the financial arm of the World Bank Group, is advising its clients in the financial sector to increase their climate-related lending, reducing their exposure to coal ...
IFC, EBRD, European Union Finance Armenia’s First Utility-Scale Solar Project
The International Finance Corporation (IFC), European Union (EU), and European Bank for Reconstruction and Development (EBRD) have joined hands to support the development of the first utility-scale solar power project ...
World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas
The World Bank has signed an agreement with the Government of Myanmar to provide off-grid solar products to 450,000 people in rural Myanmar. The result-based financing for off-grid solar products ...
IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal
The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it will provide a loan of $25 million to NMB Bank, one of Nepal's ...
ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh
The Asian Development Bank (ADB) has signed a deal with Spectra Solar Park Limited (SSPL) to invest $17.7 million (~₹1.33 billion) in a 35 MW utility-scale solar project in Bangladesh ...
HSBC and IFC Raise $474 Million Through Emerging Markets’ Green Bond Fund
The HSBC Global Asset Management and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have announced the third closing of the HSBC Real Economy Green ...
Bank of Bangladesh Adds €200 Million to its Green Transmission Fund
The Bank of Bangladesh has decided to introduce €200 million (~₹16.38 billion) along with the existing $200 million (~₹15 billion) for the Green Transmission Fund (GTF). Accordingly, the participating authorized ...
IFC Backs Standard Bank of South Africa’s Green Bond Issue with $200 Million Investment
The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it has invested ₹200 million (~₹14.7 billion) in the Standard Bank of South Africa’s ...
IFC to Help Burkina Faso Assess Economic Benefits of Solar Energy Storage Systems
The International Finance Corporation (IFC), the financial wing of the World Bank Group, has signed an agreement with Burkina Faso’s Ministry of Energy to assess the economic benefits of private ...
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank
The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...
IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it would provide a loan to the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) ...
Togo Announces Tender for 60-80 MW of Solar Projects
Togo has floated a tender for two solar PV projects with an estimated capacity ranging between 60-80 MW. The projects in Kpalassi, located in the Kara region, and Salimdè in ...
IFC to Help Bangladesh Develop a 35 MW Solar Project Through Public-Private Partnership
The International Finance Corporation (IFC), the financial arm of the World Bank, has joined hands with the Sustainable and Renewable Energy Development Authority (SREDA) of Bangladesh to develop a 35 ...
IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan
The International Finance Corporation (IFC), the financial arm of the World Bank, has announced its plan to lend $36 million (~₹2.57 billion) for a 250 MW solar project by Mahindra ...
An Estimated $24.7 Trillion Investment Potential in Green Buildings by 2030, Says IFC Report
The International Finance Corporation (IFC), a member of the World Bank Group, has come out with its latest report that sheds light on the enormous potential of green buildings in ...
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 ...
