gcf

The World Bank has signed a US$55 million financing agreement with the government of Bangladesh to expand renewable energy applications in rural areas.

The Green Climate Fund, the African Development Bank (ADfB) and Africa50 investment fund are to collaborate on bringing solar energy to the Sahel region in the wake of ADfB launching its 10GW plan.

The Green Climate Fund (GCF) will provide a US$50 million loan and a US$2.5 million grant to the African Development Bank to support 100MW of - primarily solar - projects under Zambia’s Renewable Energy Financing Framework.

The Green Climate Fund (GCF) is providing a US$12 million grant as additional financing for 6MW of grid-connected solar PV combined with 3MW/12MWh of battery energy storage projects on the Cook Islands.

Scatec Solar and its partners have reached financial close for six PV projects in Egypt with a combined generation capacity of 400MW.

The Green Climate Fund (GCF) has approved the allocation of up to US$110 million to the EBRD’s Kazakhstan Renewables Framework, at a meeting in Cairo.

The board of the Green Climate Fund (GCF) has approved a loan of US$130 million for projects awarded in Argentina’s RenovAr renewable energy programme.