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GGF Attracts €4 mn in Funding for Climate Action in MENA

GGF has attracted EUR 4 million in dedicated funding from the initiative Climate Action in the Middle East North Africa (CAMENA). The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has attracted EUR 4 million in dedicated funding from the initiative Climate Action in the Middle East North Africa […]

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Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018

A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […]

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ESB Issues €500 Mn Green Bond For Financing Clean Energy Projects

ESB, a leading Irish diversified and vertically integrated utility, has successfully placed a €500 million 1.125% fixed-rate green bond Electricity Supply Board (ESB), a leading Irish diversified and vertically integrated utility, has successfully placed a €500 million 1.125% fixed-rate green bond maturing in June 2030. The bond is the first ever Irish corporate public green […]

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Demand of Solar Powered Devices in Odisha Shoots Up after Cyclone Fani

Cyclone Fani might have sent shudders down plans for large sized solar parks in the region, but ironically, the demand for distributed solar products has gone up. People are now grappling with water shortage, lack of electricity, poor mobile connectivity and cash crunch. With no end to electricity woes on sight, residents of the capital […]

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Enel Brings Online its First Solar Facility in Zambia

Upon completion, the facility is expected to produce around 70 GWh of electricity every year, while avoiding the annual emission of over 25,600 tons of CO2 into the atmosphere. Enel Green Power, the Enel Group’s global business line dedicated to renewable energy, has started operations of the 34 MW Ngonye solar PV plant, which is the Group’s […]

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World Bank’s New Program to Accelerate Sustainable Cooling in Developing Countries

The program will provide technical assistance to ensure that efficient cooling is included in new World Bank Group investment projects and mobilize further financing. The World Bank has announced a new program to accelerate the uptake of sustainable cooling solutions, including air conditioning, refrigeration and cold chain in developing countries. The program will provide technical […]

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Hero Group & Azure Power Plan To Raise $500 Million Each Through Bond Sale

Hero Group’s renewable energy arm and Azure Power are gearing up to raise $1 billion by selling bonds to overseas investors over the next few weeks in separate offerings, according to people briefed on the matter. Both the Delhi-based green power rivals are looking raise $500 million each and have appointed investment banks to underwrite […]

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L&T Construction Bags Contracts worth Rs 2,500 Cr – Rs 5,000 Cr for PT&D Biz

Moreover, some other orders have also been won by the company for solar powered irrigation systems. The construction arm of Larsen & Toubro, L&T Construction, has secured a number of Engineering, Procurement and Construction (EPC) orders worth Rs 2,500 crore to Rs 5,000 crore for its power transmission & distribution (PT&D) business in India and […]

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