Envision Energy, a global leader in renewable energy solutions, is pleased to announce that its state-of-the-art wind turbines have been selected for the Amunet 500 MW wind farm project in Egypt, developed by UAE-based AMEA Power. Leveraging Envision’s proven technology and track record, the project has successfully obtained financing from a prominent consortium of banks, … Continue reading Envision to Power 500 MW Wind Project in Egypt Financed by IFC and JBIC
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IFC Supports New Wind Power Plant in Jordan
IFC, a member of the World Bank Group, has arranged a pioneering financing package of up to $80 million to fund the construction of a new wind power plant in Jordan, near the town of Tafila, the latest in a series of efforts to boost renewable energy development in the country. The 51.75-megawatt Abour Wind … Continue reading IFC Supports New Wind Power Plant in Jordan
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Africa receives funds to develop wind energy
Funds have been provided by International Finance Corporation (IFC) which partnered with Gaia Energy to develop wind energy projects in Africa. IFC head of InfraVentures for Sub-Saharan Africa David Donaldson confirmed the reports and said wind energy and renewable energy in general are priority areas identified in the World Bank Group’s strategy. IFC and Gaia … Continue reading Africa receives funds to develop wind energy
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IFC set to boost wind energy development in Africa
The International Fiance Corporation (IFC), a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is a Moroccan renewable energy developer active in 10 countries across Africa. The new joint … Continue reading IFC set to boost wind energy development in Africa
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EBRD, IFC bankroll Serbia’s biggest wind power project
The European Bank for Reconstruction and Development (EBRD) has teamed up with International Finance Corp. (IFC) to provide 215 million euros (US$254 million) in syndicated loans to Serbia’s biggest wind project. In a press release on October 17, the EU lender said a financing agreement had been signed for the Cibuk-1 wind farm in northern … Continue reading EBRD, IFC bankroll Serbia’s biggest wind power project
Continue readingSerbia’s biggest wind farm project attracts EBRD, IFC funding
Serbia’s largest wind farm project will receive 215 million euros ($253 million) in syndicated loans from the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), the lenders said on Tuesday. The 300 million euro, 158 megawatt (MW) Cibuk windfarm is to be built 50 km (31 miles) northeast of Belgrade and … Continue reading Serbia’s biggest wind farm project attracts EBRD, IFC funding
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IFC to finance wind farm in Pakistan
The International Finance Corporation (IFC), a member of the World Bank Group, will provide financing of $66 million and mobilising a further $172 million to help build Pakistan’s largest wind farm. This financing will help overcome the energy shortage and boost the development of renewable energy. According to an announcement made by IFC on Friday, … Continue reading IFC to finance wind farm in Pakistan
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IFC supports concentrated solar power (CSP) in Morocco
IFC, a member of the World Bank Group, has agreed to a $20 million equity investment in ACWA Power Ouarzazate, which has developed the 160 MW NOORo 1 concentrated solar power (“CSP”) parabolic trough plant with three-hour storage near Ouarzazate, Morocco. IFC’s investment will help support the development of Morocco’s solar power industry, part of … Continue reading IFC supports concentrated solar power (CSP) in Morocco
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IFC and Zambia sign deal to develop two solar power projects
The International Finance Corporation (IFC) has signed an agreement with the Zambian government for the development of two solar power projects. The IFC, a member of the World Bank Group, has signed the agreement with the Industrial Development Corporation (IDC), a Zambian government agency responsible for development projects, for the development of two 50 … Continue reading IFC and Zambia sign deal to develop two solar power projects
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IFC promotes financing for renewable energy projects in Egypt
IFC, a member of the World Bank Group, and the Egyptian Banking Institute co-hosted a workshop in Cairo to highlight the investment opportunities emerging in Egypt in renewable energy, promote financing for such projects and encourage best practice in the field. The pioneering one-day training session, supported by the Danish Government and held in … Continue reading IFC promotes financing for renewable energy projects in Egypt
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SunEdison, IFC, OFID And CABEI Close $146 Million USD Project Financing To Develop 81.7 Megawatts Of Solar Energy In Honduras
SunEdison Inc., a leading solar technology manufacturer and provider of solar energy services, announced today the closing of an approximately $146 million USD non-recourse debt financing arrangement with the International Finance Corporation (IFC), the Central American Bank for Economic Integration (CABEI) and the OPEC Fund for International Development (OFID). The debt proceeds will be used … Continue reading SunEdison, IFC, OFID And CABEI Close $146 Million USD Project Financing To Develop 81.7 Megawatts Of Solar Energy In Honduras
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World Bank funds solar power (photovoltaic) in Jordan
The International Finance Corporation (IFC) has announced this Wednesday (15th) the approval of a US$ 207.5 million loan package for the construction of seven photovoltaic plants in Jordan. The IFC is the World Bank’s private sector arm. According to an IFC press release, the full project, which provides for the building of 12 plants, will … Continue reading World Bank funds solar power (photovoltaic) in Jordan
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IFC provides $50 million to 170 MW wind power project of Continuum Wind Energy
IFC, a member of the World Bank Group, today announced that it will lend $50 million to two wholly-owned subsidiaries of Continuum Wind Energy (India) to expand access to clean energy, and help reduce greenhouse gas emissions. IFC also helped mobilise a loan of $100 million for the project from YES Bank. The financing will … Continue reading IFC provides $50 million to 170 MW wind power project of Continuum Wind Energy
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Loan will support the construction of over 300 MW from wind power in Brazil
Enel Green Power SpA (“Enel Green Power”), acting through its Brazilian subsidiary Enel Brasil Participações Ltda. (“Enel Brazil”), the controlling holding company of Brazilian subsidiaries of the Enel Green Power Group, and IFC, a member of the World Bank Group, signed a $200 million loan agreement. The loan will support the construction of over 300 … Continue reading Loan will support the construction of over 300 MW from wind power in Brazil
Continue readingIFC backs 50MW Pakistan wind farm
International Finance Corporation, a member of the World Bank Group, is investing $25.8m in a new 50MW wind farm in Pakistan. It says the wind power project, located in Sindh province, north east of Karachi, will help meet a rising electricity demand in Pakistan and provide an extra 270,000 people with low carbon electricity every … Continue reading IFC backs 50MW Pakistan wind farm
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