A group of 15 leading international organizations, including six global development banks, announced on the sidelines of the COP24 UN climate change conference a joint commitment to make their operations climate neutral.
The world’s six largest multilateral development banks committed $35.2 billion to climate financing for developing and emerging economies in 2017, a new record seven-year high and up 28% on 2016.
Vestas Wind Systems announced Monday that it has secured its first wind turbine order in Kazakhstan, from one of the country’s leading renewable energy developers, CAPEC Green Energy, for the 52 megawatt Astana wind project.
The European Bank for Reconstruction and Development (EBRD) has offered more than $450 million to various project developers planning to set up utility-scale solar power projects in Egypt.
A total of $81 billion in climate financing was mobilised for projects being funded by the world’s six largest multilateral development banks, according to a new report. According to the new report, the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, the total $81 billion dedicated to financing climate change … [continued]
Turkey’s budding renewable energy sector has attracted another major financial boost, with two of the leading multi-lateral banks picking up stake in a private renewable energy developer. The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) have picked up a stake in Akfen Renewable Energy, a … [continued]
Turkey has received another major financial boost from Europe for development of renewable energy projects. The European Bank of Reconstruction and Development (EBRD) recently announced that it approved $110 million loan for construction of renewable energy and resource efficiency projects in Turkey. The loan shall be disbursed through Akbank. EBRD … [continued]
Renewable energy development in the Middle East and North Africa region continues to attract investment and financial support from global institutions. The European Bank for Reconstruction and Development (EBRD), and other financial institutions, have announced the launch of a funding framework for private sector renewable energy development in four countries … [continued]
After attracting interest from renewable energy project developers from around the world, Egypt is likely to get financial support from development banks in Europe to make make the projects operational. The European Bank for Reconstruction and Development (EBRD) announced that it has received funding requests from as many as 67 … [continued]
