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