News and Intelligence for the Development Finance Industry
French development finance institution Proparco has committed $15 million to Lightrock Latam Fund II, expanding its exposure to climate and impact-focused companies in Latin America. The commitment brings Proparco’s total exposure with Lightrock to $25 million, including a previously announced $10 million co-investment in ComBio, a Brazilian renewable thermal energy company, the firms said in … Read more
The International Finance Corporation (IFC) is considering financing for a €262 million wind power project in Ukraine, as the country seeks to strengthen electricity supply and expand domestic renewable generation amid wartime pressure on its energy system, according to a disclosure seen by DevFiNews. IFC plans to provide about €42 million from its own account … Read more
Dutch development bank FMO is considering a $12.5 million senior debt investment in M-KOPA’s Kenya electric mobility business to support financing for electric motorcycles and batteries aimed at micro-entrepreneurs in the country. According to project disclosures seen by DevFiNews, the proposed financing would support M-KOPA Kenya Mobility Ltd’s growing portfolio of electric motorbike receivables and … Read more
Argentine renewable energy platform 360 Energy is seeking up to $120 million in syndicated financing led by Dutch development bank FMO to fund new solar projects and refinance existing debt, according to a disclosure seen by DevFiNews. The move highlights how development lenders are stepping in to provide scarce long-term capital in one of Latin … Read more
Dutch development bank FMO plans to provide up to $60 million in long-term financing for a 900-megawatt wind power project in Egypt, backing one of the country’s largest renewable energy developments as Cairo seeks to expand clean energy capacity and diversify its electricity mix. The financing will support the development and construction of the Gulf … Read more
The Asian Development Bank has signed a $116 million financing package with Saudi Arabia-based renewable energy developer Acwa Power to support a 300-megawatt wind power project in Uzbekistan The financing for the Bash 2 wind project in Uzbekistan’s Bukhara region includes a $50 million loan from ADB’s ordinary capital resources, $41 million mobilized from commercial … Read more
Dutch development bank FMO is providing 55 million euros ($62 million) in loans to support one of Côte d’Ivoire’s first privately owned solar power projects, according to documents seen by DevFiNews. The transaction comes as development finance institutions step in to bridge long-term funding gaps for renewable infrastructure in frontier African markets. FMO said the … Read more
Proposed distributed renewable energy investment vehicle Zafiri is targeting an initial capitalization of $300 million to scale off-grid and decentralized energy solutions across Sub-Saharan Africa, according to documents seen by DevFiNews. The move higlights a shift toward blended and permanent capital structures in development finance. International Finance Corporation (IFC), a member of the World Bank … Read more
Dutch development lender FMO is providing ZAR333.33 million ($19.8 million) in financing to South Africa-based Gledhow Sugar Company to support the expansion and modernization of its sugar mill in KwaDukuza, KwaZulu-Natal. In a disclosure, FMO said the financing will fund the installation of newer and more efficient equipment designed to reduce steam use and improve … Read more