IFC Invests $105 Million in Brookfield's Bikaner Solar Power Project
| Aspect | Details |
|---|---|
| Organization | International Finance Corporation (IFC), part of the World Bank Group |
| Investment Amount | $105 million (≈ Rs 871 crore) |
| Investment Form | Non-convertible debentures |
| Project | Brookfield's Bikaner Solar Power Project in Rajasthan, India |
| Project Developer | Brookfield Global Transition Fund (BGTF) |
| Project Capacity | 550 MW (Phase 1: 268 MW, Phase 2: 282 MW) |
| Phase 2 Cost | USD 317 million |
| Commissioning Date | Phase 1 commissioned in March 2024 |
| Greenhouse Gas Reduction | ≈ 804,408 tons of CO2 annually |
| Project Connection | India's interstate transmission system |
| Energy Supply | Long-term power purchase agreements, participation in the merchant market |
| India's Renewable Goal | Increase non-fossil fuel-based power capacity to 500 GW by 2030 |
| IFC's Role | Support private sector development through renewable energy investments |
| IFC's Establishment | 1956 |
| IFC's Headquarters | Washington D.C. |
| Global Reach | Operates in over 100 countries |