Philippines to Turn to EVs and Solar Powered Charging Stations to Curb Emissions

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

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
IFC Invests $150 Million in Green Bonds in Philippines

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 ...
/ / Finance and M&A, Solar
SgurrEnergy India On Track to Surpass 15 GW of Solar Project Consulting in 2018

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 ...
/ / Markets & Policy, Solar
CleanMax Solar Raises Funding from IFC

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 ...
/ / Finance and M&A, Solar
IFC-Led Consortium Invests

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 ...
/ / Finance and M&A, Solar
IFC REWA ACME Solar Loan

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 ...
/ / Finance and M&A, Solar
IFC Loan Rewa Solar Solenergi Actis

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

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 ...
/ / Other, Renewable Energy
Month in a Minute India Solar Update July

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 ...
/ / Other, Renewable Energy
IFC Invest

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 ...
/ / Finance and M&A, Other
FRV 29 Million IFC

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

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 ...
/ / Finance and M&A, Solar
IFC to Invest $125 Million in Hero Future Energies

IFC to Invest $125 Million in Hero Future Energies

The International Finance Corporation (IFC), a World Bank Group member, will invest $125 million (~₹8.5 billion) in Hero Future Energies, the renewable energy arm of Hero Group. “IFC, together with ...
/ / Finance and M&A, Solar
India Gigawatt Club

Will India join the ‘Gigawatt Club’ this year?

Indian Solar Market Update – 1st Quarter 2012 By: Raj Prabhu, Managing Partner, Mercom Capital Group After over two years of policy deliberations and growing pains, India is finally seeing ...
/ / Solar