IFC invests US$15mn in South Asia Growth Fund II
The investment arm of the World Bank, International Finance Corporation (IFC), plans to invest up to US$15 million in South Asia Growth Fund II (SAGF II).
The fund, launched by GEF Capital Partners, LLC, seeks to invest in companies focussed on clean energy. In detail, the fund will choose 8-10 companies in India and Bangladesh, which work in the areas of clean energy supply and resource efficiency.
GEF Capital targets a total commitment of US$200 million in the Fund.
Country updates
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May 06, 2021
IFC to provide additional debt financing to Enel's 300 MW solar project in Rajasthan
The International Finance Corporation of World Bank is proposing an additional US$50 million debt financing for the planned 300 MW solar photovoltaic project of Enel Green Power in India. IFC h...
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April 28, 2021
ReNew Power commissions 105 MW solar project in Patan District
ReNew Power has commissioned a 105 megawatt (MW) solar generation facility in the Indian state of Gujarat. The project has a 25-year power purchase agreement with the Gujarat Urja Vikas Nigam Limited...
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April 19, 2021
ReNew Power completes 300 MW wind project in Gujarat
ReNew Power has commissioned a 300 megawatt (MW) wind power generation facility in the Indian state of Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Ener...
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April 14, 2021
Adani Green completes acquisition of 20 MW Mahoba solar project in Uttar Pradesh
Adani Green Energy Limited has completed the acquisition of 100% of the share capital and all the securities of Spinel Energy & Infrastructure (SEIL) from Hindustan Cleanenergy and Peridot Power V...
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April 13, 2021
ReNew Power finalizes 110 MW solar project in Rajasthan
ReNew Power has commissioned a 110 megawatt (MW) solar generation facility in the Indian state of Rajasthan. As part of the project, ReNew has signed a power purchase agreement with Solar Energy Corp...
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