IFC proposes $50m investment in India solar project
The International Financial Corporation (IFC), the investment arm of the World Bank, is set to invest up to $50 million in a solar power project operate by India’s Arinsun Clean Energy.
According to a disclosure, the pending investment would be transacted via a subscription to non-convertible debentures and include efforts to mobilize an additional $100 million of loans from other backers....
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