<article>The <a style="color: #000080;" href="http://IFC to double its investment portfolio to $600m by end of 2016 in Myanmar Read more at: http://www.dealstreetasia.com/stories/ifc-to-reach-portfolio-of-600-million-investment-by-end-of-2016-53535/" target="_blank">International Finance Corporation</a> (IFC), the private lending arm of World Bank Group is in talks to make investments worth over $10 million in Malaysia&#8217;s renewable energy sector.</article>

The <a style="color: #000080;" href="http://IFC to double its investment portfolio to $600m by end of 2016 in Myanmar Read more at: http://www.dealstreetasia.com/stories/ifc-to-reach-portfolio-of-600-million-investment-by-end-of-2016-53535/" target="_blank">International Finance Corporation</a> (IFC), the private lending arm of World Bank Group is in talks to make investments worth over $10 million in Malaysia&#8217;s renewable energy sector.
&#8220;We are looking at renewable energy sector, primarily a solar company. We will make a minimum investment of $10 million or more than that,&#8221; IFC Country Manager for Malaysia and Indonesia Azam Khan told <a style="color: #000080;" href="http://www.dealstreetasia.com/about-us/" target="_blank">DEALSTREETASIA</a> on the sidelines of an event in Kuala Lumpur.
Khan, who took charge as the country manager for IFC earlier this month, said that the multilateral lending agency will look at a cross-border angle in the investment.
IFC finances electricity generation, transmission and distribution investments across a range of technologies with a focus on natural gas and renewable energy such as solar, wind and hydro. The agency has financed more than 320 power projects in over 60 countries.
Meanwhile, solar power and related businesses have fueled great interest for companies in Malaysia and other countries in the region. The Malaysian government enacted the Renewable Energy Act in 2011 to establish and implement a special tariff system that makes generation of renewable energy more affordable.
Recently, US-based <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/sunpower-to-acquire-auos-stake-in-malaysian-solar-cell-venture-53760/" target="_blank">SunPower Corp</a> announced the purchase of Taiwan-based AUO’s portion a 2010 joint venture company that manufactures solar cells at an 800 MW factory in Melaka in Malaysia.
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IFC in talks to invest over $10m in Malaysian solar firm

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IFC in talks to invest over $10m in Malaysian solar firm

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