International Finance Corporation

The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.

The island nation has agreed a deal with the World Bank’s International Finance Corporation to develop at least 15 MW of generation capacity in a US$15 million project.

It has been two years since Fotowatio Renewable Ventures won the bid to develop the 55 MW site and with finance finally secured, the build can go ahead.

The central Asian nation and the International Finance Corporation are seeking proposals for two 200 MW solar parks planned in the Samarkand and Jizzakh regions. The projects will be awarded 25-year power purchase agreements.

Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.

The lender’s private sector arm will help formulate a tendering process to identify the best suited partners for the development of PV projects in Bangladesh.

The African country has joined the World Bank’s Scaling Solar Program. Two PV plants will be located in Touba and Laboa, in the northeast of the country.

Two PV plants are set to be built under the Project for Promotion of Auctions for Renewable Energies program, being implemented with the support of Mozambican utility Electricidade de Mocambique, which is likely to be the future off-taker of the solar energy generated.

The Balkan nation is planning a tender for 50 MW of utility scale solar capacity on a public-private partnership basis with help from the International Finance Corporation. The World Bank’s private finance arm is procuring a technical, environmental and social consulting firm to advise on the project.

The facility will be developed under the World Bank’s Scaling Solar initiative on a public-private partnership basis in Herat province.