SUBSCRIBE NEWS LETTER

ifc

World Bank’s IFC Funds CleanMax Solar with $15 Million

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

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

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

IFC Invests Rs 667 Crore in L&T Infrastructure for Solar Power Projects

L&T Infrastructure Finance Co will use the fund to provide loan to solar power projects across India. The World Bank’s private financing arm IFC has invested Rs 667 crore ($103 million) in L&T Infrastructure Finance Co by subscribing to the first official Green Bonds in India, as stated in a joint statement by both the […]

Read more

IFC Mulls Rs 100 cr Investment in CleanMax to Fund 250 MW of Solar Power Projects

CleanMax Enviro Energy Solutions could receive Rs 100 crore to commission more than 250 MW of solar power projects. International Finance Corp, the private sector investment arm of the World Bank, could invest about Rs 100 crore in renewable energy company CleanMax Enviro Energy Solutions, one of the largest solar power solutions providers in India. […]

Read more

IFC to invest up to USD 125 mn in Hero Future Energies

International Finance Corporation (IFC) has announced to invest up to USD 125 million with IFC Global Infrastructure Fund in Hero Future Energies. The USD 125 million of equity and proceeds will be used to fund the construction of solar and wind power plant projects. Hero Future Energies Pvt Ltd plans to have a total installed […]

Read more

IFC, MP Govt to Build the Largest Single-site Power Project in Rewa

A member of the World Bank Group share intends to partner with Madhya Pradesh government for a massive solar project. IFC and state govt. aims to setup the largest single-site power project of 750-Mw in Rewa. IFC will put its expertise to structure and propose the transaction through private investments of about $750 million. “Successful […]

Read more

Fiscal Year 2024: World Bank Provides $42.6 Bn Climate Finance

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
      SUBSCRIBE NEWS LETTER
Scroll