The International Finance Corporation (IFC), a member of the World Bank Group, and Nedbank have partnered to increase financing for renewable energy projects in South Africa in an effort to help the country transition to cleaner forms of power, reduce greenhouse-gas (GHG) emissions and create jobs in the renewable energy sector.
Being the third investment dedicated to green finance in South Africa’s financial sector, the IFC will provide Nedbank with a loan of up to $200-million to help it expand its green finance operations and grow its climate portfolio by funding renewable energy projects.
Being the third investment dedicated to green finance in South Africa’s financial sector, the IFC will provide Nedbank with a loan of up to $200-million to help it expand its green finance operations and grow its climate portfolio by funding renewable energy projects.
