IFC Backs Egyptian Company’s Solar Plans
Elsewedy Electric Raises $150 Million To Fund Renewable Energy Expansion In Africa
Egypt headquartered power company Elsewedy Electric has raised $150 million from the International Finance Corporation (IFC), First Abu Dhabi Bank and Europe Arab Bank to finance new solar energy facilities in Africa, and also support its expansion further.
Latin America PV News Snippets
438 MW Solar JV In Brazil Between Hydro Rein, Atlas & Albras & More From Vatia, Galp
Albras to source solar power from 438 MW solar plant in Brazil; IFC backs Colombia’s Vatia to strengthen its renewable energy portfolio; Galp to expand renewables portfolio with 4.8 GW capacity in Brazil.
India PV News Snippets
IFC Roped In For 600 MW Solar In Uttar Pradesh & More From NHPC, Azure Power, MoP
IFC has been roped in as advisor for 600 MW solar in UP; NHPC launches subsidiary for renewable energy, small hydro and green hydrogen projects; Azure Power refinances 600 MW solar in Rajasthan; Power Ministry issues amendments to short-term power procurement.
OMERS Infrastructure Acquires 19.4% Stake In Azure Power
Canadian Pension Fund’s OMERS Infrastructure Acquires 19.4% Stake In India’s Azure Power From International Finance Corporation For $219 Million
The International Finance Corporation (IFC) and IFC GIF Investment Company have sold their 19.4% stake in Indian independent renewable energy producer Azure Power Global Limited for $219 million.
World Bank Approves $168 Million For Burkina Faso
World Bank To Help Burkina Faso Competitively Procure 325 MW Solar & 335 MWh Battery Storage In Phases; Says $168 Million Financing To Also Mobilize $400 Million In Private Investment
The World Bank has approved financing worth $168 million for the Burkina Faso Solar Energy and Access Project (SEAP) to enable the country’s transition to clean energy, and support clean energy access for close to 300 selected rural localities and .
60 MW Scaling Solar Tender Launched In Côte d’Ivoire
Côte d’Ivoire Energy Ministry & CI-Energies, With Support From IFC, Launch 60 MW Solar Tender Under World Bank’s Scaling Solar Program
The African nation of Côte d’Ivoire has launched a 60 MW solar power tender under its arrangement with the World Bank backed Scaling Solar Program which it joined in November 2019 (see Côte d’Ivoire Joins World Bank’s Scaling Solar Program).
$2 Billion Investment Partnership For Distributed RE
The Rockefeller Foundation Pledges $150 Million In Partnership With IFC To Mobilize $2 Billion Private Investment In Distributed Renewable Energy; Sub-Saharan Africa Initial Target Region
With an eye to mobilize up to $2 billion of private sector investment for distributed renewable energy solutions, the International Finance Corporation (IFC) has struck a partnership with The Rockefeller Foundation (RF).
Niger Enters World Bank’s Scaling Solar Club
World Bank’s Scaling Solar Program Welcomes New Member, Africa’s Niger; IFC To Help It Realize 50 MW PV Capacity ‘Quickly’ & ‘Affordably’
The World Bank’s Scaling Solar program, through which it enables countries make use of their solar irradiance to diversify their power generation capacity and take steps to become self-sufficient in the space, has welcomed a new member nation.
60 MW Scaling Solar PV Capacity Commissioned In Senegal
Engie, Meridiam & FONSIS Energize 60 MW Solar In Senegal, Financed By IFC, EIB & Proparco, Under World Bank Backed Scaling Solar Program
Two solar power plants in Senegal have come online representing 60 MW AC capacity in cumulative, under the World Bank backed Scaling Solar program.
Masdar Wins Another 400 MW Scaling Solar In Uzbekistan
After Winning Maiden 100 MW PV Project Under World Bank Backed Scaling Solar Initiative In Uzbekistan, Masdar Scores 2 More Wins In Country With 400 MW Capacity Offering Lowest Winning Bids, Says IFC
Abu Dhabi Future Energy Company PJSC (Masdar) has emerged as the winner of 2 solar power projects in Uzbekistan after it offered lowest winning bid for both the auctions, announced the International Finance Corporation (IFC).
Uzbekistan To Tender 900 MW PV Under PPP Model
Uzbekistan Signs Mandate With International Finance Corporation To Tender 2×200 MW & 500 MW Solar PV Capacity Under Scaling Solar Program Of World Bank
The first tender round for 100 MW capacity under Scaling Solar in Uzbekistan saw Masdar winning it with the lowest bid of $0.027 per kWh.
Financial Closure For 60 MW Solar In Senegal
With €38 Million Lent By IFC, EIB, Proparco & Finland-IFC Blended Finance For Climate Program, 60 MW Solar Projects Of Engie & Meridiam In Senegal Move Towards Construction Stage Under Scaling Solar Initiative
Senegal had awarded 2 solar power plants with 60 MW cumulative capacity and signed PPAs with a consortium of Engie and Meridiam in November 2018 under the World Bank Group's Scaling Solar program.
Uzbekistan Joins Scaling Solar Initiative
Uzbekistan Seeks Proposals From Shortlisted Bidders For 100 MW Solar PV Tender Under World Bank’s Scaling Solar Initiative As Program Moves Beyond Africa To Central Asia
With theWorld Bank and its subsidiary IFC providing credibility to the Scaling Solar program, after African several nations joined, it is now a Central Asian country that’s interested in developing 100 MW solar under the program.
23 Companies Interested In 100 MW Uzbek Solar Tender
Global Companies From Europe, Asia & Middle East Line Up For Uzbekistan’s First Competitively Tendered 100 MW Solar Tender: IFC
The 100 MW tender in Uzbekistan is part of the first phase of a larger government initiative to generate up to 1 GW of new solar energy in the country. Pictured is the Registan Square in Samarkand region of Uzbekistan.
Solar Home Systems Program In Afghanistan
Under Lighting Afghanistan Program, IFC Launches Pay-As-You-Go Solar Home Systems Pilot Project For Afghan Provinces Of Kandahar & Nangarhar; D.Light To Provide Solar Arrays & Batteries For Project
The PAYG solar home system initiative for Afghanistan is part of IFC’s Lighting Afghanistan program in collaboration with d.Light, Afghan Wireless Communications Company (AWCC) and the Global System for Mobile Communications (GSMA).
IFC Backs 40 MW PV Project In Afghanistan
International Finance Corporation To Help Design & Tender 40 MW Solar Power Project In Afghanistan; Aims To Develop A Model For Country’s 2 GW Solar Power Target
Afghanistan imports 80% of its power supply, according to the IFC. With a 40 MW solar power project that is planned to act as a model for subsequent projects, it hopes to become more self-reliant in fulfilling its electricity demand.
IFC Supports Papua New Guinea’s RE Plans
International Finance Corporation Backs Papua New Guinea Power Limited To Explore Renewable Energy For Remote & Outer Island Centers; Pilot Project Using Rooftop Solar For Businesses To Launch By December 2018
The International Finance Corporation (IFC) has signed an agreement withPapua New Guinea’s electricity utility, PNG Power Limited to help the country deliver reliable and low-cost power to its remote and outer island centers, all those areas not connected to the grid.
RE Roadmap For Ivory Coast
International Finance Corporation & Côte d’Ivoire Release Renewable Energy Roadmap To Achieve Targeted 42% Share By 2030 To Create $9 Billion Investment Opportunity
Africa’s Ivory Coast (or Côte d’Ivoire) is aiming to achieve a 42% renewable energy share in its energy mix by 2030, as outlined in its National Determined Intended Contribution (INDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC).
Six Developers Pre-Qualify For Madagascar Tender
Madagascar Invites Six Companies To Submit Final Proposals For 25 MW Solar/Storage Project Of World Bank Group’s Scaling Solar Program
Under the Scaling Solar program, the IFC will help Madagascar install 30 to 40 MW capacity, including a 25 MW PV system with battery backup (Photo Credit: Mohamad Al-Arief/The World Bank).
25 MW Scaling Solar Tender In Madagascar
World Bank’s Scaling Solar PV Tender With Battery Storage Launched In Madagascar With 25 MW Capacity
Madagascar’s Ministry of Water, Energy and Hydrocarbons (MEEH) has issued a Request for Pre-qualification (RFQ) for a 25 MW solar PV project. It will be located near the capital city of Antananarivo.
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