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IFC provides Axis Bank $500 million loan for green and blue finance in India

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The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to scale green finance and develop the blue finance market in India. The funds will be used for projects such as offshore renewable energy and water waste management, as well as to enhance financing for climate projects, with a focus on green buildings aimed at mitigating climate change and generating employment.

In June 2024, IFC also committed $105 million to partially finance a 550 MW solar power project in Bikaner, Rajasthan, being developed by Brookfield Asset Management through long-term non-convertible debentures.

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Delhi Metro’s Blue Line awarded carbon-neutral certification

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EEX, IGX, and GIZ partner to develop hydrogen trading market in India

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Greenzo Energy secures EPC contract for 120 MW solar project in Nepal

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Oklo secures environmental permit for fission power plant in US

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Oklo, a fission power and nuclear fuel recycling company, has received an environmental compliance permit from the US Department of Energy (DOE) and Idaho National Laboratory (INL) for its advanced fission power plant site. This permit enables Oklo to proceed with plans to launch the first commercial advanced fission plant in the United States. The permit approval follows a recently completed memorandum of agreement (MoA) with the DOE, initiating site characterization activities for the project….

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MNRE invites proposals to set up R&D facilities for green hydrogen

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The Ministry of New and Renewable Energy (MNRE) has issued a call for proposals to establish Centers of Excellence (CoEs) under the National Green Hydrogen Mission’s (NGHM) Research and Development (R&D) programme, with a deadline of December 19, 2024.  Selected entities will receive financial support covering up to 50 per cent of project costs, aimed at advancing green hydrogen production, storage, and utilisation. The CoEs will facilitate research, skill development, and industry collaboration to foster…

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