{"id":73767,"date":"2022-09-01T01:57:26","date_gmt":"2022-09-01T01:57:26","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/italian-investment-bank-to-lend-eur-100-mn-to-african-renewable-projects\/"},"modified":"2022-09-01T01:57:26","modified_gmt":"2022-09-01T01:57:26","slug":"italian-investment-bank-to-lend-eur-100-mn-to-african-renewable-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/italian-investment-bank-to-lend-eur-100-mn-to-african-renewable-projects\/","title":{"rendered":"Italian investment bank to lend EUR 100 mn to African renewable projects"},"content":{"rendered":"<p><strong>Italian investment bank <\/strong><strong><a href=\"https:\/\/www.cdp.it\/sitointernet\/en\/homepage.page\">Cassa Depositi e Prestiti<\/a><\/strong><strong> agreed to a <\/strong><strong>EUR 100 mn loan <\/strong><strong>agreement for renewable projects with the <\/strong><strong><a href=\"https:\/\/www.africafc.org\/\">Africa Finance Corporation<\/a><\/strong>, <a href=\"https:\/\/www.africafc.org\/news-and-insights\/news\/italys-cdp-agrees-debut-eur-100-million-loan-for-africa-finance-corporation-to-support-transition-in-africa\">according to a statement<\/a>. The loan will be used to finance renewable energy projects in Africa and build the infrastructure needed for the continent\u2019s renewable energy transition.<\/p>\n<p><strong>OTHER STORIES FROM AROUND THE WORLD WORTH KNOWING ABOUT-<\/strong><\/p>\n<ul>\n<li>US philanthropic outfit <strong>Rockefeller Foundation<\/strong> dedicated <strong>USD 5.5 mn<\/strong> to promote <strong>climate resilient infrastructure<\/strong> and economic development in Kenya, Nigeria, Rwanda and Uganda over the next three years, <a href=\"https:\/\/www.rockefellerfoundation.org\/news\/the-rockefeller-foundation-invests-in-satellite-data-ai-to-accelerate-economic-development-and-climate-resilience-in-africa\/\">according to a statement<\/a>.<\/li>\n<li>Norwegian renewable energy company <strong>Scatec <\/strong>secured <strong>USD 102 mn<\/strong> in financial risk reduction for a <strong>765 MW<\/strong> combined <strong>solar power and battery plant <\/strong>in South Africa from Norway\u2019s credit agency <strong>Export Finance Norway<\/strong> (Eksfin), <a href=\"https:\/\/www.eksfin.no\/en\/news\/energy\/eksfin-provides-nok-1-2-billion-in-guarantees-in-support-of-major-scatec-project-in-south-africa\/\">according to a statement<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Italian investment bank Cassa Depositi e Prestiti agreed to a EUR 100 mn loan agreement for renewable projects with the Africa Finance Corporation, according to a statement. The loan will be used to finance renewable energy projects in Africa and build the infrastructure needed for the continent\u2019s renewable energy transition. OTHER STORIES FROM AROUND THE [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[280,70,11,536,291,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-73767","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-africa","tag-around-the-world","tag-enterpriseclimate","tag-finance","tag-italy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"3a7ec4ef-5e91-4bc5-815c-a9947b2e7db0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[73751],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Italian investment bank to lend EUR 100 mn to African renewable projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/01\/italian-investment-bank-to-lend-eur-100-mn-to-african-renewable-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Italian investment bank to lend EUR 100 mn to African renewable projects\" \/>\n<meta property=\"og:description\" content=\"Italian investment bank Cassa Depositi e Prestiti agreed to a EUR 100 mn loan agreement for renewable projects with the Africa Finance Corporation, according to a statement. 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