World Bank To Provide $200 Million for Two Solar Projects in India
The World Bank has signed agreements with the Government of India and the Solar Energy Corporation of India (SECI) for loans and grants worth $200 million to deploy renewable energy ...
World Bank to Provide $311 Million for Solar & Storage Projects in West Africa
The World Bank Group has approved $311 million in International Development Association (IDA) financing from its new Regional Emergency Solar Power Intervention Project (RESPITE) to install and operate solar, battery ...
Daily News Wrap-Up: Adani Unveils India’s First Large Monocrystalline Silicon Ingot
Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar has introduced India's first large monocrystalline silicon ingot at its Mundra facility. These ingots will ...
Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity
The World Bank Group (WBG) recently approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewable sources and batteries. The ...
217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People
The world will require over 217,000 solar mini grids at a cumulative cost of $127 billion by 2030 to provide power to half a billion people globally, a report by ...
Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification
The Bangladesh government and the World Bank have signed a $515 million financing agreement for the country's Electricity Distribution Modernization Program that will support the digitization and modernization of 25 ...
World Bank Approves $165 Million Funding for Residential Rooftop Solar Projects in India
The World Bank has approved $165 million in additional financing to accelerate the adoption of rooftop solar by residential consumers by making it more affordable. The financing, which includes a ...
SECI Seeks ₹4 Billion Term Loan to Finance its Floating Solar and Energy Storage Projects
Solar Energy Corporation of India (SECI) has invited Expressions of Interest from banks to extend a term loan of ₹4 billion (~$53.37 million) with a tenor of 15 years to ...
Federal Bank to Discontinue Financing New Coal Projects
Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
Niger Invites Bids to Develop a 50 MW Solar Project
The Ministry of Petroleum, Energy, and Renewable Energies of the Republic of Niger has floated a tender to develop a 50 MW solar project. The project will be located at ...
RUMSL’s 550 MW Solar Auction Won by Avaada Energy and O2 Power
Avaada Energy and O2 Power were declared winners in the Rewa Ultra Mega Solar Limited’s (RUMSL) auction for 550 MW of solar projects at the Agar Solar Park in Madhya ...
SBI Has Provided ₹319.18 Billion in Renewable Energy Project Finance as of FY 2021
The State Bank of India (SBI), one of India’s largest public sector banks, declared results for the financial year (FY) 2020-2021, which claimed that the bank had approved over ₹319.18 ...
Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020
A group of nine multilateral development banks (MDBs) have published a report on Climate Finance 2020. The report reveals that the MDBs provided a total of $66 billion towards green ...
Maldives Launches Tender for 11-14 MW of Solar Projects Across 14 Islands
The Maldives has issued a tender inviting interested bidders to participate in the pre-qualification process for installing 11-14 MW of solar projects in 14 major islands. The last date for ...
Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems
The Ministry of Environment, Climate Change, and Technology, Maldives, has invited bids from engineering, procurement, construction (EPC) contractors to install battery energy storage systems (BESS) of 40 MW/40 MWh capacity ...
Japan’s JICA to Loan up to JPY 10 Billion to Tata Cleantech to Finance Renewables
Japan International Cooperation Agency (JICA) has signed a loan agreement for a maximum amount of JPY 10 billion (₹6.65 billion) with Tata Cleantech Capital (TCCL), an Indian non-banking financial company ...
IFC Subscribes to $56 Million of Continuum’s Green Bond Offering in Singapore
The International Finance Corporation (IFC), the World Bank Group's financial arm, has extended its support to Continuum Green Energy by subscribing to 10% of the company's first green bond, which ...
World Bank Floats EoI for Off-Grid Solar Energy Access Report
The World Bank has issued expression of interest (EoI) documents seeking consultants for an assignment to chart out an investment roadmap for sub-Saharan African countries to help them achieve universal ...
World Bank Approves $107 Million for Renewable Energy Transition in Maldives
The World Bank approved a $107.4 million project to help the Maldives accelerate its transition to renewable energy. The 'Accelerating Renewable Energy Integration and Sustainable Energy' (ARISE) project builds on ...
Nigeria to Set Up Hybrid Solar Projects for Seven Universities
Nigeria’s Rural Electrification Agency (REA) has revised the deadline for its Nigeria Electrification Project (NEP). Under NEP, the Nigerian government plans to develop solar hybrid power stations at seven universities, ...
Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India
Okaya Power has bagged a World Bank-funded contract from the state-run Energy Efficiency Services Limited (EESL) to deploy 1,020 electric vehicle (EV) charging stations across the country. EESL falls under ...
Daily News Wrap-Up: China Adds 1.3 GW of Residential Solar Capacity in October 2020
Here are some noteworthy cleantech announcements of the day from around the world: China has installed 1.3 GW of residential solar capacity in October 2020, according to the latest data ...
World Bank Seeks Consulting Firms for a Floating Solar Project in Odisha
The World Bank has floated an expression of interest (EoI) seeking consulting firms to help it explore the potential of a floating solar project in Odisha. The floating solar project ...
Daily News Wrap-Up: Tamil Nadu Transmission Corp Picks Enzen for Smart Grid Solutions
Here are some noteworthy cleantech announcement of the day from around the world: Trafigura Group has formed a new company to invest in a series of solar, wind, and power ...
IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal
International Finance Corporation (IFC), the financial arm of the World Bank Group, is advising its clients in the financial sector to increase their climate-related lending, reducing their exposure to coal ...
