Fiscal Year 2024: World Bank Provides $42.6 Bn Climate Finance Updated On Fri, Sep 20th, 2024 by Saurenergy The World Bank Group delivered a record $42.6 billion in climate finance in fiscal year 2024—from July 1, 2023, to June 30, 2024, according to its ‘Climate Finance Fiscal Year 2024 Snapshot’. This is a 10% increase in climate finance compared to the previous year. At COP28, the World Bank Group committed to increasing its […] Read more
World Bank Okays $250 Mn for Rajasthan’s Electricity Distribution Sector Reforms Updated On Tue, Jul 10th, 2018 by Saurenergy This is the second loan for Rajasthan in the series of two operations planned for a comprehensive turnaround of the state’s electricity distribution sector. It’s first loan was closed in March 2017. The World Bank has approved USD 250 million development policy loan (DPL) aiming to help Rajasthan government in improving the performance of its electricity distribution […] Read more
Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform Updated On Fri, Jun 16th, 2017 by Saurenergy The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […] Read more
