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International Finance Corp.

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.

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.

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Tender for 32 MW solar project subcontractors in Chad

The planned power plant marks the first phase of a 60 MW scheme 30km north of the capital, N’Djamena. The overall project is being developed by UK-based Private Infrastructure Development Group and French company Smart Energies International.

Uzbekistan announces tender for up to 900 MW of solar

The central Asian nation and the International Finance Corporation have signed a mandate to develop up to 900 MW of solar capacity through public-private partnerships.

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