World Bank To Provide $200 Million for Two Solar Projects in India

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 ...
/ / Finance and M&A, Other, Solar
World Bank to Provide $311 Million for Solar & Storage Projects in West Africa

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 ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Adani Unveils India’s First Large Monocrystalline Silicon Ingot

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 ...
/ / Other, Renewable Energy
Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity

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 ...
/ / Other, Renewable Energy
217,000 Solar Mini Grids Needed by 2030 to Provide Power to Half a Billion People

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

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

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 ...
/ / Rooftop, Solar
SECI Seeks ₹4 billion Term Loan to Finance its Floating Solar and Energy Storage Projects

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 ...
/ / Solar, Tenders & Auctions
Federal Bank to Discontinue Financing New Coal Projects

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) ...
/ / Finance and M&A, Other
Niger Invites Bids to Develop a 50 MW Solar Project

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 ...
/ / Solar, Tenders & Auctions
RUMSL’s 550 MW Solar Auction Won by Avaada Energy and O2 Power

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

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 ...
/ / Other, Renewable Energy
Climate Financing by Multilateral Development Banks Reaches $66 Billion in 2020

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 ...
/ / Finance and M&A, Other
Maldives Launches Tender for 11-14 MW of Solar Projects Across 14 Islands

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 ...
/ / Solar, Tenders & Auctions
Maldives Issues Tender for 40 MW/40 MWh of Battery Energy Storage Systems

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 Upto JPY 10 Billion to Tata Cleantech to Finance Renewables

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 ...
/ / Finance and M&A, Other
IFC Subscribes to $56 Million of Continuum's Green Bond Offering in Singapore

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 ...
/ / Other, Renewable Energy
World Bank Floats EoI for Off-Grid Solar Energy Access Report

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 ...
/ / Off-grid, Solar
World Bank Approves $107 Million for Renewable Energy Transition in Maldives

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 ...
/ / Finance and M&A, Other
Nigeria to Set Up Hybrid Solar Projects for Seven Universities

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, ...
/ / Solar, Utility Scale
Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India

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 ...
/ / Electric Vehicles, Grid
Daily News Wrap-Up_ China Adds 1.3 GW of Residential Solar Capacity in October 2020

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 ...
/ / Other, Renewable Energy
World Bank Seeks Consulting Firms for a Floating Solar Project in Odisha

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

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 ...
/ / Other, Renewable Energy
IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal

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 ...
/ / Other, Other Energy
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