At COP27, the Asian Infrastructure Investment Bank (AIIB) joined development partners in signing a partnership agreement with Egypt’s Ministry of Electricity and Renewable Energy, Ministry of Environment and Ministry of International Cooperation, to jointly support the country’s efforts to boost renewable energy and stimulate climate action through its country-led program: Nexus on Water, Food and […]
AIIB Enhances Commitment to Renewable Energy Infrastructure – EQ Mag
USD40M signed at initial fund close of Alcazar Energy Partners-II at COP27 The Asian Infrastructure Investment Bank (AIIB) has committed USD40 million to the first fund close of Alcazar Energy Partners II (the Fund). The agreement was signed by Sir Danny Alexander, AIIB Vice President for Policy and Strategy and Daniel Calderon, Co-Founder and Managing […]
At COP27, AIIB Takes Action to Further Promote Climate-Resilient Infrastructure Investments – EQ Mag
The Asian Infrastructure Investment Bank (AIIB) announced at COP27 that it has joined the Coalition for Climate Resilient Investment (CCRI), fostering a strategic partnership to apply climate-resilient solutions. Launched at the UN Climate Action Summit in 2019 as a private sector-led initiative, CCRI supports investors and policy makers to better understand and manage physical climate […]
AIIB Commits USD300 Million to ETAF at COP27 to Further Support Energy Transition – EQ Mag Pro
Three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance program aimed at mobilizing capital to scale up renewable project funding in developing countries by 2030. Cooperation agreements with the Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re were signed on-site at the UN Climate Change Conference […]
AIIB, OPEC Fund Advance Partnership for Global Infrastructure Funding – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the OPEC Fund for International Development (the OPEC Fund) have signed a Memorandum of Understanding (MOU) to expand their operational and strategic cooperation to finance global public and private sector projects, promoting sustainable, resilient and high-standard infrastructure development. “We look forward to further strengthening our collaboration with OPEC […]
AIIB Signs USD200M On-lending Facility to Support Sustainable Infrastructure Development in Bangladesh – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the Government of Bangladesh have signed a USD200-million on-lending facility to Infrastructure Development Co. Ltd (IDCOL) to finance infrastructure projects in Bangladesh, marking AIIB’s first investment through a financial institution into infrastructure in the country. IDCOL is a government-owned nonbanking financial institution established for infrastructure financing in Bangladesh. […]
AIIB Increases Funding for Renewables in Turkey Through TKYB – EQ Mag Pro
Additional USD100M for Renewable Energy and Energy Efficiency Projects The Asian Infrastructure Investment Bank has approved an additional loan of USD100 million to Türkiye Kalkınma ve Yatırım Bankası (TKYB) for the TKYB Renewable Energy and Energy Efficiency On-Lending Facility established to invest in renewable energy and energy efficiency projects. This approval will increase AIIB’s loan […]
AIIB to Fully Align with Paris Agreement Goals by Mid-2023
Currently projects USD50 billion investment for climate finance by 2030 The Asian Infrastructure Investment Bank (AIIB) announced today that it will align its operations with the goals of the Paris Agreement by July 1, 2023. The Bank currently estimates its cumulative climate finance approvals to be USD50 billion by 2030. This amount would represent a […]
AIIB and IRENA Team-Up to Accelerate Energy Transition – EQ Mag Pro
The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a Memorandum of Understanding (MOU) committing to work together to support energy transition and promote renewable energy. The MOU was signed on Sep. 20 by AIIB President, Jin Liqun, and IRENA Director-General, Francesco La Camera, at a virtual ceremony to […]
AIIB Commits USD50M at the Initial Closing of the SUSI Asia Energy Transition Fund
Mobilizing private capital for the emerging market sustainable energy sector. The Asian Infrastructure Investment Bank (AIIB) is commiting USD50 million to the SUSI Asia Energy Transition Fund, contributing to its first closing held this week. The fund targets sustainable energy infrastructure investments across the energy transition spectrum, from renewable energy generation to energy efficient measures, […]