Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
/ / Finance and M&A, Other
Sembcorp Industries Raises $496 Million Through Sustainability-Linked Bonds

Sembcorp Industries Raises $496 Million Through Sustainability-Linked Bonds

Singapore-based renewable energy company Sembcorp Industries has raised S$675 million (~$496.1 million) by launching a sustainability-linked bond (SLB) in Singapore. The company’s wholly-owned subsidiary, Sembcorp Financial Services, priced its inaugural bond. International ...
/ / Finance and M&A, Other
Niger Invites Bids to Develop a 50 MW Solar Project

Niger Invites Bids to Develop a 50 MW Solar Project

The Ministry of Petroleum, Energy, and Renewable Energies of the Republic of Niger has floated a tender to develop a 50 MW solar project. The project will be located at ...
/ / Solar, Tenders & Auctions
SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

Social Investment Managers and Advisors (SIMA) has launched the Energy Access Relief Fund (EARF) with a first close of $68 million and a target closing of around $84 million by ...
/ / Markets & Policy, Solar
Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

Augment Infrastructure Acquires a Majority Stake in CleanMax for ₹16.5 Billion

CleanMax, an Indian renewable energy company, announced that Augment Infrastructure, a U.S.-based investment company, has acquired a majority stake in the company investing ₹16.5 billion (~$222.23 million) in equity. As a ...
/ / Finance and M&A, Solar
OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure to Acquire 19.4% Stake in Azure Power for $219 Million

OMERS Infrastructure announced that it has signed a stock purchase agreement to acquire a 19.4% stake in Indian independent power (solar) producer Azure Power Global for $219 million from International Finance Corporation (IFC) ...
/ / Finance and M&A, Solar
IFC Invests ₹9.16 Billion in Federal Bank to Strengthen its ESG Portfolio

IFC Invests ₹9.16 Billion in Federal Bank to Strengthen its ESG Portfolio

International Finance Corporation (IFC) – the financial arm of the World Bank, and two investment funds managed by IFC Asset Management Company - IFC Financial Institutions Growth Fund and IFC Emerging ...
/ / Other, Renewable Energy
AIIB Approves $50 Million Loan for Enel Green Energy's 300 MW Solar Project

AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
/ / Finance and M&A, Solar
IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

International Finance Corporation (IFC) – the financial arm of the World Bank – has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Enel Green to Build a 1.5 GW Solar Hybrid Project With Battery Storage

Daily News Wrap-Up: Enel Green to Build a 1.5 GW Solar Hybrid Project With Battery Storage

Here are some noteworthy cleantech announcements of the day from around the world: Enel Green Power North America has announced construction on five new renewable energy projects in the U.S., ...
Daily News Wrap-Up_ EBRD and Green Climate Fund Provide Green Financing to Armenia

Daily News Wrap-Up: EBRD and Green Climate Fund Provide Green Financing to Armenia

Here are some noteworthy cleantech announcements of the day from around the world: European Bank for Reconstruction (EBRD) and the Green Climate Fund (GCF) will support Armenia's transition to a low-carbon economy ...
/ / Other, Renewable Energy
IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
/ / Finance and M&A, Solar
IFC Subscribes to $56 Million of Continuum's Green Bond Offering in Singapore

IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore

The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ IFC Approves $265 Million to Promote Electric Vehicles in Brazil

Daily News Wrap-Up: IFC Approves $265 Million to Promote Electric Vehicles in Brazil

Here are some noteworthy cleantech announcements of the day from around the world: Pacific Gas and Electric Company has requested approval from the California Public Utilities Commission for six additional ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Goa’s First Project with Decentralized clean energy Inaugurated

Daily News Wrap-Up: Goa’s First Project with Decentralized Clean Energy Inaugurated

Here are some noteworthy cleantech announcements of the day from around the world: Goa’s Minister for Power and New & Renewable Energy inaugurated the first pilot convergence project with a ...
/ / Other, Renewable Energy
IFC to Help Egyptian Farmers Switch to Solar Irrigation Systems

IFC to Help Egyptian Farmers Switch to Solar Irrigation Systems

The International Finance Corporation (IFC), a member of the World Bank Group, announced that it has joined hands with the Agriculture Bank of Egpyt (ABE) to help Egyptian farmers access ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ ADB Approves $600 Million Loan to Indonesia for Renewables

Daily News Wrap-Up: ADB Approves $600 Million Loan to Indonesia for Renewables

Here are some noteworthy cleantech announcements of the day from around the world: Royal DSM announced the launch of the all-purpose Endurance Backsheet D15. The newly launched Endurance Backsheet protects ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Jaguar Land Rover India Opens Bookings for its All-Electric SUV

Daily News Wrap-Up: Jaguar Land Rover India Opens Bookings for its All-Electric SUV

Here are some noteworthy cleantech announcements of the day from around the world: The Cabinet Committee on Economic Affairs chaired by the Prime Minister of India Narendra Modi has approved ...
/ / Other, Renewable Energy
Daily News Wrap-up_ NHPC Planning a 600 MW Solar Project in Uttar Pradesh

Daily News Wrap-Up: NHPC Planning a 600 MW Solar Project in Uttar Pradesh

Here are some noteworthy cleantech announcements of the day from around the world: NHPC Limited has revealed its plans to build a 600 MW solar project in Deoria district of ...
/ / Other, Renewable Energy
IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal

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 ...
/ / Other, Other Energy
IFC, EBRD, European Union Finance Armenia’s First Utility-Scale Solar Project

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 ...
/ / Finance and M&A, Solar
World Bank and Myanmar Sign Pact to Provide Off-Grid Solar Products in Rural Areas

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 ...
/ / Off-grid, Solar
IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal

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 ...
/ / Finance and M&A, Other
ADB to Invest $17.7 Million in a 35 MW Solar Power Project in Bangladesh

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 ...
/ / Finance and M&A, Solar
HSBC and IFC Raise $474 Million Through Emerging Markets’ Green Bond Fund

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 ...