An agreement has been signed recently between the government of Côte d’Ivoire and the World Bank Group to help the African country develop its supply of affordable, reliable clean energy and reach its goal of generating at least 42 percent of its power from renewable sources by 2030. The World Bank Group has signed the […]
IVORY COAST : Joint Agreement between IFC and government for 2 solar power plants
IVORY COAST : Joint Agreement between IFC and government for 2 solar power plants An agreement was recently signed between the government of Ivory Coast and the International Finance Corporation (IFC), a subsidiary of the World Bank in charge of private sector financing. It concerns the implementation of two solar photovoltaic projects. Two solar photovoltaic […]
IFC and MIGA fund 252 MW wind farm by Lekela in Egypt
IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate. IFC will provide $84 million in financing while MIGA will offer $122 million in financial guarantees, helping to bolster the production of clean energy, lower generation costs, […]
Senegal: Proparco, IFC and EIB finance the construction of two new solar power plants as part of the Scaling Solar program
Through the financing of the construction of two solar power plants in Senegal, Proparco, IFC and EIB are reaffirming their commitment to sustainable development on the African continent. These two new large-scale power plants, the 7th and 8th built in Senegal in less than 3 years, illustrate the strong momentum underway in the country towards […]
ENGIE and partners sign contracts for 60 MW solar PV projects in Senegal
ENGIE was selected as preferred bidder by Senegal’s Electricity Sector Regulation Commission (CRSE) in a tender launched in October 2017. ENGIE (ENGIE.com) and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60 MW. The total investment cost for the projects amounts to 47.5 […]
IFC offers $43.3 mn in debt funding to Hero Future Energies
International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total […]
IFC, FRA begin consultation on Green Bonds to tackle climate change in Egypt
A green bond is like a normal bond, but with an additional commitment to deploying its funds to projects that address key areas of environmental concern like climate change, natural resources depletion, loss of biodiversity and air, water or soil pollution. IFC, a member of the World Bank Group, and the Financial Regulatory Authority of […]
