IFC issues US$1 billion bond for ‘climate-friendly’ projects

Facebook
Twitter
LinkedIn
Reddit
Email

IFC, a global development institution for the private sector and a member of the World Bank Group, has issued a US$1 billion green bond which will be used to support IFC “climate-friendly” projects in developing countries.

The three-year bond — which is said to be the largest green bond issue to date — is available to investors around the world. The bond was oversubscribed and has been sized to meet the demand from an increasing number of investors keen to support renewable energy, energy efficiency, and other climate-friendly projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“IFC is ramping up its climate-related investments because the private sector can play a leading role in addressing climate change,” said Jingdong Hua, IFC VP and Treasurer. “Through its Green Bond Program, IFC enables large-scale investors to support projects related to climate change in developing countries.”

In IFC’s 2012 financial year, the company invested US$1.6 billion in climate related investments, of which 70% was related to energy efficiency and renewable energy projects. By the 2015 financial year, IFC expects to double the US41.6 billion figure to approximately US$3 billion per year.

IFC green bonds support projects focused on reducing greenhouse emissions. Such projects includes those which involve rehabilitating power plants and transmission facilities, installing solar and wind power, and providing funding for new technologies that result in significant reductions in emissions. To date, IFC has issued about US$2.2 billion in such bonds.

Criteria for the use of IFC green bond proceeds are certified by Cicero, an independent research centre associated with the University of Oslo.  

Maria Kamin, Manager of Environmental, Social and Governance Research at Parnassus Investments, a participant of the green bond, said: “The IFC Green Bond complements our responsible investment strategies. We focus on incorporating environmental, social, and governance analysis into our investment research. By giving investors in the Parnassus Fixed-Income Fund exposure to this unique bond, we can further support climate-related investments and receive a positive financial return”.

Read Next

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 
July 10, 2025
US solar residential installer Sunnova has entered into a stalking horse asset purchase agreement with Omnidian for some of its assets.
July 10, 2025
A report published by the US Department of Energy (DOE) this week claims that the previous government’s support for renewable energy could cause blackouts to “increase by 100 times” by 2030.
July 10, 2025
UbiQD has signed a supply agreement with First Solar to supply its fluorescent quantum dot technology for use in the latter’s PV panels.
July 10, 2025
Copenhagen Energy has partnered with Thy-Mors Energi to set up a 100MW PV and BESS project in Ballerum, about 370km from Copenhagen. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK