gcf

Development finance duo sponsor US$154m scheme to support government of drought-stricken African nation as it deploys 100MW green energy pipeline with the help of feed-in tariffs.

GCF backs US$537m scheme to lower credit barriers for solar (280MW) and wind (50MW) IPPs in African country, in year when Eskom’s woes have cast doubts over state-offtaker route.

Espejo de Tarapacá project is meant to plug support gap for Chilean energy storage by pairing up 300MW system with 561MW PV plant in Atacama.

UN-, Netherlands-backed fund will invest US$850m in 1.7GW clean energy pipeline in African, Asian states, with solar meant to account for 40% of portfolio.

BayWa r.e. divests 30.8MW Emmen project to asset manager, EBRD and GCF back 30MW project, Engie divests in Germany and the Netherlands.

Two financing institutions recognise the need for solar proliferation in remote, rural parts of the Sahel and West Africa.

IPP support in Nigeria and small-scale PV in South Africa among schemes awarded funds as institution approves broader US$440 million allocation.

The Green Climate Fund (GCF) is providing nearly half the funding necessary for a scheme to deploy solar mini-grids across 100 villages in Burkina Faso.

India's National Bank for Agriculture and Development (NABARD) and the Green Climate Fund (GCF) have sanctioned US$34.4 million support for a groundwater recharge and solar micro-irrigation project to ensure food security and enhance resilience in vulnerable tribal areas of Odisha.

The African Development Bank (AfDB) has approved US$50 million of framework financing for small-scale renewable energy projects in Zambia, after recent droughts caused a serious electricity supply deficit due to the country’s heavy reliance on hydropower.