IFC had invested $400 million in Tata Power’s Mundra project in 2008 through debt and provided guidance on environment and social practices
International Finance Corporation (IFC) has big plans to invest in India’s renewable energy space as the sector is evolving with competitive commercial bidding unlike the subsidy-driven growth in the West, a top executive at the World Bank’s investment arm said. IFC joins other global players such as Goldman Sachs, SoftBank and SunEdison in plans to invest in the country, which is aiming to make a quantum leap in the production of solar and wind energy. Details