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 ...
IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project
The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
IFC to Invest $150 Million in Aditya Birla Finance
The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
IFC to Loan $50 Million to Mahindra Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
IFC Invests $150 Million in Green Bonds in Philippines
First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
SgurrEnergy India On Track to Surpass 15 GW of Solar Project Consulting in 2018
Solar energy consultancy SgurrEnergy India is celebrating 10 years of delivering engineering and consultancy services to solar projects in India. The company has over 100 customers and is involved in ...
CleanMax Solar Raises $15 Million (~₹964.52 Million) from IFC
CleanMax Solar, an Indian rooftop solar developer, has raised $15 million (~₹964.52 million) in investment from the International Finance Corporation (IFC), a member of the World Bank Group. The IFC ...
IFC-Led Consortium Invests $653 Million to Develop 13 Solar Projects in Egypt
A consortium of investors led by the International Finance Corporation (IFC), a member of the World Bank Group, has finalized a $653 million debt package to finance the construction of ...
IFC to Provide $50 Million Loan to ACME Jaipur Solar Power Private Limited for 250 MW Solar Project in Rewa
The International Finance Corporation (IFC), a member of the World Bank, will provide a $50 million (~₹3.2 billion) loan to ACME Jaipur Solar Power Private Limited, a wholly-owned subsidiary of ...
IFC to Provide $50 Million Loan to Arinsun Clean Energy for 250 MW Solar Project in Rewa
The International Finance Corporation (IFC), a member of World Bank Group, will provide a $50 million (~₹3.2 billion) loan to Arinsun Clean Energy, a subsidiary of Solenergi Power Private Ltd ...
IFC Invests $100 Million in Sri Lanka’s Renewable Energy Sector
The International Finance Corporation (IFC), a World Bank Group member, will invest $100 million to boost financing for renewable energy projects in Sri Lanka. The IFC will collaborate with Sri ...
Important Data Points and Headlines from the Indian Renewable Energy Sector in July 2017
Several hydropower projects in India are witnessing significant overruns in both time and costs. Only 28 percent of the total hydropower potential in India - out of 148 GW has been developed ...
IFC Invests $103 Million in L&T Infrastructure Finance
The IFC, a member of the World Bank Group, has invested $103 million in L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, by subscribing to the first ...
Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Projects in Andhra Pradesh
Fotowatio Renewable Ventures (FRV), has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India. FRV ...
Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017
With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
