IFC opens $1.8m credit line to get big DR Congo project over the line
A 100 MWac solar farm planned in the Katanga region will be boosted by an additional credit line after the International Finance Corporation and the British and Norwegian government-owned Globeleq came on board.
Niger joins the Scaling Solar club
The government wants 30% of its power from clean energy sources by 2035 and the 50 MW of solar targeted by the World Bank would make up two-thirds of that ambition.
Romania sees first green bonds
World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.
Abu Dhabi deepens investment in Uzbekistani solar
Masdar’s latest, 400 MW solar project win followed hot on the heels of the award of the contract to develop a 457 MW solar field elsewhere in the central Asian nation.
South African bank secures continent’s ‘first green loan’
The private-sector arm of the World Bank says it will lend up to $150 million to Johannesburg-based Absa Bank for green project funding.
China’s Covid recovery saw green bond issuance rebound in second half of 2020
The $18bn worth of sustainable finance instruments floated in the nation last year marked a retreat from previous highs but, with most of the bonds issued from July onwards, the recovery is under way, according to the IFC, which is anticipating a more-than-$100 billion sector in emerging markets over the next three years.
What will African nations require to produce competitive green hydrogen exports?
A robust national strategy, a portfolio of renewable energy assets, public subsidies and, ideally, existing gas pipelines will all favor African nations aiming to become exporters in the energy storage medium, participants heard at a recent two-day green hydrogen conference.
IFC says green recovery could drive $2.5tn renewables market this decade
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
World Bank lends $200m for South African renewables
The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.
Uzbekistan announces second phase of 500 MW solar tender
Uzbekistan’s Ministry of Energy has revealed plans to launch a new solar tender in early 2021. Separately, the Asian Development Bank signed a deal last week to provide up to $175 million in loans to back the development of another 100 MW solar project in the country.
