IFC

IFC & IndiGrid Partner To Build 180 MW/360 MWh BESS Project in Gujarat 

International Finance Corporation (IFC) and IndiGrid have partnered to develop a 180 MW/360 MWh standalone battery energy storage system (BESS) project in Gujarat. The project is designed to support the state’s clean energy goals by enhancing grid stability and ensuring reliable power is available during peak demand.  This investment made during the quarter ended June […]

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IFC, Vertex, Avaana Back Kazam With $6.2 Mn To Expand EV Infra

Karnataka-based electric vehicle (EV) energy-tech company raised USD 6.2 million in Series B funding from multiple investors. The company raised funding from International Finance Corporation (IFC) and existing investors, Vertex Ventures SEA & India, and Avaana Capital Advisors. The latest investment is expected to support Kazam’s expansion across the market, and its energy transition tools […]

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IFC Invests $400Mn To Support Bajaj Finance Climate Fundraising

The International Finance Corporation (IFC), the World Bank’s private sector focused entity that offers investment, advisory, and asset-management services recently partnered with NBFC Bajaj Finance Limited (BFL) to invest $400 million. This is part of a $1 billion fundraising initiative by BFL. BFL raised IFC’s $400 million loan to expand financing options for customers buying […]

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IFC Partners With ACWA Power to Support Uzbekistan’s Energy Transition

IFC announced today a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector on the sidelines of the 8th Future Investment Institute conference at Riyadh in Saudi Arabia. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of […]

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IFC Partners, Axis Bank Partner To Provide $500 Mn Loan In India

The International Finance Corporation (IFC), is making its first blue investment in India in partnership with Axis Bank. IFC entered this partnership with the private sector banks in India to provide a $500 million loan. This initiative also supports the company’s plan to develop a blue finance market and scale up financing of green projects […]

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Brookfield To Get IFC Funds For 550 MW Rajasthan Solar Park

A portion of the funding required by Brookfield Asset Management to construct a 550-MWp solar park in the Indian state of Rajasthan would come from the International Finance Corporation (IFC). The Canadian organisation will be compensated USD 105 million (EUR 98 million) for long-term non-convertible debentures that are assigned to the special purpose vehicles of […]

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€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal

The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […]

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Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr

Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […]

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