World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
Uzbekistan Issues Tender in Partnership with IFC for 100 MW Solar Project Updated On Tue, Feb 5th, 2019 by Saurenergy Based on the success of the implementation of the tender, the volume of the projects will be raised to 900 MW in consequent tenders. Uzbekenergo JSC, a government-owned power utility, has issued a request for selection (RfS) for 100 MW of grid-connected solar projects to be developed in Navoi region of the Republic of Uzbekistan. […] Read more
GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables Updated On Sat, Nov 17th, 2018 by Saurenergy ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […] Read more
CleanMax Solar Bags FT, IFC Transformational Business Awards 2018 Updated On Thu, Jun 7th, 2018 by Saurenergy The company was shortlisted out of the 189 entries received from across 126 countries, thus making CleanMax Solar the first Indian company to win this award in a category with Tata Motors at their Sanand facility in Gujarat. In the Transformational Business Award 2018, CleanMax Solar, a sustainability partner for India’s leading corporates, has won […] Read more
Azure Power Raises $135 Mn via Debt Financing from IFC Consortium Updated On Fri, Jun 1st, 2018 by Saurenergy The company will use these proceedings to finance approximately 200 MWs of it’s solar rooftop projects across the country. Indian solar power producer Azure Power has raised USD 135 million through debt financing from a consortium led by International Finance Corporation (IFC). The IFC led consortium also includes other lenders like FMO – the Dutch […] Read more
Rs 2,800 Cr To be Invested in Madhya Pradesh Based Solar Park by IFC Updated On Thu, Jan 11th, 2018 by Saurenergy Continues of the speculation by IFC will be utilized for the development, operation, and upkeep of the solar plant. In one of the greatest arrangements in the sustainable power source space, International Finance Corporation (IFC), some portion of World Bank gathering, is near contributing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar […] Read more
World Bank’s IFC Funds CleanMax Solar with $15 Million Updated On Thu, Nov 30th, 2017 by Saurenergy IFC also invested $125 million in Hero Future Energies, Hero Group’s renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International […] Read more
India and Other Emerging Economies Can Unlock Trillions of Dollars in Climate Finance: IFC Global Report Updated On Thu, Nov 2nd, 2017 by Saurenergy Estimates indicate that India is on track to exceed its target of reducing greenhouse-gas emissions intensity by up to 35 percent by 2030. Developing countries like India can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business […] Read more
Enerwhere powers DIFC construction site with largest lithium-ion battery in the Middle East Updated On Fri, Sep 29th, 2017 by Saurenergy This is Enerwhere’s second installation for Multiplex in the UAE. Enerwhere provides this solution on a lease basis, requiring no upfront investment by Multiplex. Enerwhere recently completed the installation of a solar hybrid generator system for Multiplex’ site offices at ICD Brookfield Place in the Dubai International Financial Centre. A first in the Middle […] Read more
