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International Finance Corporation

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.

Bangladesh launches first green bond

With the World Bank celebrating the success of a solar home system installation program which has provided electricity to an estimated 20 million people, an NGO has floated a near-$12 million environmental investment which could drive further PV capacity.

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Five commercial offtakers for $33m Jordanian solar portfolio

Telecomms, retail and garment manufacturing businesses have signed up to consume the electricity to be generated by eight solar projects in Jordan which will harness grid infrastructure to transfer an estimated 81 GWh of clean power annually.

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.

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World Bank allocates $50m credit for commercial solar panels in Brazil

The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.

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Fiji plans ‘Pacific’s largest solar project’

The island nation has agreed a deal with the World Bank’s International Finance Corporation to develop at least 15 MW of generation capacity in a US$15 million project.

Multilateral lenders finance Armenia’s biggest PV plant

It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.

Uzbekistan launches 400 MW solar tender

The central Asian nation and the International Finance Corporation are seeking proposals for two 200 MW solar parks planned in the Samarkand and Jizzakh regions. The projects will be awarded 25-year power purchase agreements.

Solar is gaining traction in MENA region – but plenty of obstacles remain

Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.

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IFC to help Bangladesh with public-private solar partnerships

The lender’s private sector arm will help formulate a tendering process to identify the best suited partners for the development of PV projects in Bangladesh.

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