Tata Power and IFC to Study Energy Storage Potential in Power Distribution System

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

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 ...
/ / Finance and M&A, Solar
Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

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 to Invest $1 Billion Towards Battery Storage to Promote Renewables Globally

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 ...
Clean Solar Power to Get US$43.3 Million IFC Debt Financing

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

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

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 ...
/ / Finance and M&A, Other
IREDA Green Masala Bonds

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 ...
/ / Markets & Policy, Solar
Uzbekistan Issues Tender for 100 MW Solar Projects on Pilot Basis; Plans to Scale to 900 MW

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, ...
/ / Solar, Tenders & Auctions
Maharashtra’s Shirdi Temple Reissues 10 MW Solar EPC Tender

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 ...
/ / Finance and M&A, Solar
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

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 ...
/ / Other, Renewable Energy
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects

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 ...
/ / Markets & Policy, Solar
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects

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, ...
/ / Other, Renewable Energy
Azure Offers 14,800,000 Equity Shares on New York Stock Exchange at $12.50

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 ...
/ / Markets & Policy, Solar
Hanergy and Bollore Group to Jointly Develop Solar EVs

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 ...
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

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 ...
/ / Finance and M&A, Solar
IFC and Canadian Government to Provide $25 Million for a Solar Project in Zambia

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 ...
/ / Finance and M&A, Solar
Azure Power Raises $135 Million to Develop 200 MW of Rooftop Solar Projects

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 ...
has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable energy sector.

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

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

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 of 250 MW Project in Rewa Solar Park

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 ...
/ / Finance and M&A, Solar
IFC Announces Financial Package for Jordan’s Biggest Solar PV Project

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 ...
/ / Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

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 ...
/ / Finance and M&A, Solar
IFC to Loan $50 Million to Mahindra Renewables

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, ...
/ / Finance and M&A, Solar