The International Finance Corporation (IFC) announced on December 13, 2023, the signing of a $100 million loan agreement with the Norwegian solar energy producer Scatec Solar.
Half of this financing comes from IFC’s own account, and the other half is from a blended finance provided by the institution’s partners. A risk-sharing mechanism of $65 million will also be granted to Scatec Solar to ensure payments from counterparts leasing solar equipment and batteries.
For more information, please see https://www.ecofinagency.com/public-management/1512-45128-ifc-commits-100mln-to-scatec-solar-for-renewable-energy-expansion-in-chad-and-cameroon
