IFC is partnering with the Commercial Bank of Ceylon (CBC) to help the Sri Lankan bank invest more in local companies focused on renewable energy and energy efficiency.
Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.
The International Finance Corporation, a member of the World Bank Group, announced Wednesday that it will provide a financial package of US$55 million to build Mozambique’s first utility-scale PV project.
The International Finance Corporation (IFC) was said to have announced that it will invest up to US$60 million in Malaysian PV company Jinko Malaysia, according to Deal Street Asia.
Enel Green Power has signed a 25-year PPA with Zambia’s state-owned utility ZESCO for a 34MW PV project in the Lusaka South Multi-Facility Economic Zone in southern Zambia.
Zambian State-run firm the Industrial Development Corporation Limited (IDC) has invited expressions of interest for 150MW-250MW of solar PV capacity in Round 2 of the ‘Scaling Solar’ programme.
Investors from Solarcentury and Actis imparted wisdom on how to manage the risks and reap the benefits of African PV at Solar Media’s Solar Finance & Investment Europe event.
Abu Dhabi-based renewables firm Masdar has selected the International Finance Corporation (IFC) to oversee funding of Jordan’s largest solar plant, standing at 200MW.
