IFC invests $103m in India’s solar green bonds
The private sector financing arm of the World Bank has subscribed to India’s first official Green Bonds via a $103 million investment in L&T Infrastructure Finance Company, which is a subsidiary of L&T Finance Holdings.
Mongolia gets $54.4 million to improve grid and build 10 MW solar plant
The two projects will be funded by the World Bank and the Scaling-Up Renewable Energy Program under the Strategic Climate Fund
IFC reportedly invests $60 million into Jinko Malaysia
The Chinese PV manufacturing giant’s Malaysian arm has reportedly received a $60 million financing package from the IFC.
World Bank approves $480 million guarantee to promote solar and renewables in Argentina
The World Bank will promote the development of large-scale renewable energy and solar projects across Argentina with a $ 480 million guarantee. The funds will be used to support projects being implemented under the country’s RenovAr program for renewable energies.
World Bank mandates 500 MW of new solar capacity for Zambia
Zambian government signs agreement for the second tranche of the World Bank’s Scaling Solar program, which will support the construction of up to four solar PV plants in the country.
Developing countries leading the way in sustainable energy policies, finds World Bank report
In scoring the sustainable energy policies of 111 countries, the World Bank finds that nations such as Mexico, China, India and Brazil are emerging as leaders in the field, delivering robust policies that support energy access.
IFC invests $125 million in India’s Hero Future Energies
IFC is picking up an equity stake in Hero Group’s renewable energy division, which it says will enable it to build 1 GW of solar and wind plants in India.
