ifc

The IFC has arranged a financing package of up to US$188 million for Jordan’s largest PV plant, a 200MWac / 248MWdc project developed by Masdar Abu Dhabi Future Energy Company.

Philippines-based commercial bank, BDO Unibank, has issued its first green bond investment for US$150 million to sole investor the International Finance Cooperation (IFC), to expand finance for private sector investments and to tackle climate change.

The International Finance Corporation (IFC) has made an equity investment of US$15 million into Indian rooftop solar specialist CleanMax Solar, the financier’s first foray into grid-connected distributed generation.

The International Finance Corporation (IFC) has finalised a US$653 million debt package for 13 solar projects at the Benban Solar Park, near Aswan in Egypt.

A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.

Fiji has become the first emerging market to issue a green bond, according to the World Bank.

The Asian Development Bank (ADB) has enlarged its support of clean energy transmission projects in India by obtaining co-financing from multilateral development bank Asian Infrastructure Investment Bank (AIIB).

Various projects located in the 1.8GW Benban solar park will be co-financed by AIIB and the International Financial Corporation.

Indian-based solar EPC firm Sterling & Wilson has started construction on a 54MW PV project in Kafue District, Zambia.

Cubico Sustainable Investments has reached financial close for a 350MW solar plant in Mexico.