TAG: "IFC"

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IFC, ADB, and DEG Secure Stake in Fourth Partner Energy Following CCI Approval

The Competition Commission of India has approved the acquisition of a stake in Fourth Partner Energy by IFC, ADB, and DEG, with a combined investment of USD 275 million, enhancing the company’s renewable energy operations.

IFC | January 02, 2025 | By EI News Network | 1160

Uzbekistan Signs Battery Energy Storage Deal with ACWA Power at COP29

Uzbekistan has signed an agreement with ACWA Power for up to 2GWh of Battery Energy Storage System (BESS) projects, enhancing renewable energy development. The deal, signed at COP29, follows previous agreements for solar PV and storage, with a focus on sustainable energy.

IFC | November 20, 2024 | By EI News Network | 760

IFC to Invest USD 400 Million in Bajaj Finance to Boost Climate Finance

The International Finance Corporation’s USD 400 million investment in Bajaj Finance aims to expand climate finance for EVs and energy-efficient goods, contributing to India’s net-zero goals and promoting financial inclusion through increased access to green financing.

IFC | November 07, 2024 | By EI News Network | 1206

IFC Grants USD 240 Million to ACWA Power for Uzbekistan's RE Expansion

IFC’s USD 240 million loan supports ACWA Power's solar and battery projects in Uzbekistan, expected to reduce CO₂ emissions by 1.3 million tons annually. The project aligns with Uzbekistan’s 2030 goal of 40 percent renewable energy generation.

IFC | November 01, 2024 | By EI News Network | 837

IFC and Axis Bank Partner for USD 500 Mn Loan to Fund India’s Sustainable Projects

IFC partners with Axis Bank to offer a USD 500 million loan, promoting sustainable growth, green projects, and blue finance, enhancing water management and eco-friendly infrastructure, while supporting India's climate goals and job creation.

IFC | October 09, 2024 | By EI News Network | 1071

World Bank Group Sets Record with USD 42.6 Bn in FY24 Climate Finance

The World Bank Group provided USD 42.6 billion in climate finance for FY24, a 10 percent increase from last year. At COP28, it committed to raising climate financing to 45 percent of total lending for FY25, focussing equally on adaptation.

IFC | September 20, 2024 | By EI News Network | 1834

Olam Agri to Invest USD 60 Mn in Bio-Ethanol Plant in Maharashtra

Olam Agri announces a USD 60 million investment in a multi-input bio-ethanol plant in Maharashtra, doubling its sugarcane crushing capacity while enhancing collaboration with farmer producer organisations. This marks a significant step towards contributing to India's growing demand for renewable energy and sustainable farming.

IFC | September 06, 2024 | By EI News Network | 1508