IFC announces $150m credit line, with focus on African solar
Egypt’s Elsewedy Electric, which has developed solar and storage projects on its home continent, has secured a new financing package, according to International Finance Corp.
Burkina Faso set for 27 MW solar project
The Zina solar field, which is being developed by Amea Power, is being financed by the World Bank’s private sector arm and will be constructed in Mouhoun province.
IFC boosts green lending in Poland
International Finance Corp. has underwritten potential credit losses on part of a $730 million loan book held by the Polish operations of Santander, freeing up finance to be issued for more green projects, including renewables.
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.
Uzbekistan flicks switch on 100 MW Nur Navoi solar plant
The new facility is the first of almost 1 GW of solar generation capacity Emirati developer Masdar is working on bringing to fruition in the Central Asian nation.
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.
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.
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.
