TAG: "International Finance Corporation"

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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.

International Finance Corporation | January 02, 2025 | By EI News Network |  988

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.

International Finance Corporation | November 20, 2024 | By EI News Network |  665

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.

International Finance Corporation | November 01, 2024 | By EI News Network |  753

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.

International Finance Corporation | October 09, 2024 | By EI News Network |  945

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.

International Finance Corporation | September 06, 2024 | By EI News Network |  1340

Fourth Partner Energy Bags USD 275 Million Equity Investment from IFC-ADB-DEG Consortium

The investment by the IFC-ADB-DEG consortium will infuse capital to fund FPEL's business expansion plans which include a target portfolio of 3.5 GW of renewable energy assets by 2026.

International Finance Corporation | August 07, 2024 | By News Bureau |  1384

Egypt to Expand Renewable Energy Capacity by 750 MW with USD 700 Million Wind and Solar Projects

Egypt plans to boost its electrical capacity by 750 MW with USD 700 million investments in wind and solar projects, set for completion by 2024. This includes a 250 MW wind project and a 500 MW solar station, advancing Egypt's renewable energy goals.

International Finance Corporation | July 23, 2024 | By EI News Network |  1610

IFC Commits USD 105 Million to Support Brookfield's 550 MWp Solar Project in Rajasthan

The project, developed by Brookfield Asset Management, will benefit from IFC’s long-term non-convertible debentures allocated to the project's special purpose vehicles.

International Finance Corporation | June 21, 2024 | By News Bureau |  1034

AMEA Power Reaches Financial Close on 120MW Solar Power Plant in Tunisia

When commissioned, the USD 86 million project, will be the company’s first operational asset in the country.<br />

International Finance Corporation | September 29, 2023 | By News Bureau |  1337

Envision Energy Procures Contract for 500 MW Wind Farm in Egypt

The project is anticipated to be commenced by mid-2025, the Amunet project will play a crucial role in Egypt’s move toward feasible and clean energy.

International Finance Corporation | June 14, 2023 | By EI News Network |  1555

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