TAG: "IFC"

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Uzbekistan Signs Battery Energy Storage Deal with ACWA Power at COP29

Uzbekistan has signed an agreement with ACWA Power for up to 2GWh of Battery Energy Storage System (BESS) projects, enhancing renewable energy development. The deal, signed at COP29, follows previous agreements for solar PV and storage, with a focus on sustainable energy.

IFC | November 20, 2024 | By EI News Network |  386

IFC to Invest USD 400 Million in Bajaj Finance to Boost Climate Finance

The International Finance Corporation’s USD 400 million investment in Bajaj Finance aims to expand climate finance for EVs and energy-efficient goods, contributing to India’s net-zero goals and promoting financial inclusion through increased access to green financing.

IFC | November 07, 2024 | By EI News Network |  660

IFC Grants USD 240 Million to ACWA Power for Uzbekistan's RE Expansion

IFC’s USD 240 million loan supports ACWA Power's solar and battery projects in Uzbekistan, expected to reduce CO₂ emissions by 1.3 million tons annually. The project aligns with Uzbekistan’s 2030 goal of 40 percent renewable energy generation.

IFC | November 01, 2024 | By EI News Network |  473

IFC and Axis Bank Partner for USD 500 Mn Loan to Fund India’s Sustainable Projects

IFC partners with Axis Bank to offer a USD 500 million loan, promoting sustainable growth, green projects, and blue finance, enhancing water management and eco-friendly infrastructure, while supporting India's climate goals and job creation.

IFC | October 09, 2024 | By EI News Network |  622

World Bank Group Sets Record with USD 42.6 Bn in FY24 Climate Finance

The World Bank Group provided USD 42.6 billion in climate finance for FY24, a 10 percent increase from last year. At COP28, it committed to raising climate financing to 45 percent of total lending for FY25, focussing equally on adaptation.

IFC | September 20, 2024 | By EI News Network |  1452

Olam Agri to Invest USD 60 Mn in Bio-Ethanol Plant in Maharashtra

Olam Agri announces a USD 60 million investment in a multi-input bio-ethanol plant in Maharashtra, doubling its sugarcane crushing capacity while enhancing collaboration with farmer producer organisations. This marks a significant step towards contributing to India's growing demand for renewable energy and sustainable farming.

IFC | September 06, 2024 | By EI News Network |  974

REC Limited Successfully Lists Two Bonds Worth INR 5,375 Crore on NSE and BSE

The first bond, valued at INR 2,500 crores, features a 10-year maturity period with a redemption date of February 28, 2034, and a yield of 7.47 percent.

IFC | March 02, 2024 | By Abha Rustagi |  1243

AMEA Power Reaches Financial Close on 120MW Solar Power Plant in Tunisia

When commissioned, the USD 86 million project, will be the company’s first operational asset in the country.<br />

IFC | September 29, 2023 | By News Bureau |  1121

IFC to Invest INR 600 Cr. in Mahindra's LMM Company to Boost Small Trader's Income

IFC is investing INR 600 crores in a new last mile mobility (LMM) company - a wholly owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo).

IFC | March 23, 2023 | By News Bureau |  2065

Loom Solar Raises $2 Mn Funding from SIMA Funds

Loom Solar has raised $2 Million funding from US based Social Investment Managers and Advisors (SIMA) under the Energy Access Relief Fund (EARF) supported by the World Bank, DFC, BII, FMO, IFC and others.

IFC | January 17, 2023 | By News Bureau |  2185

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