US DFC approves loan to Indonesian clean energy firm Medco Cahaya Geothermal

The U.S. International Development Finance Corporation (DFC) has approved 17 new transactions in the first quarter of FY2024 at the board and sub-board levels, totaling more than $3.3 billion. This includes a $126 million loan to PT Medco Cahaya Geothermal to finance the development of 31.4MW of geothermal power generation capacity in East Java, Indonesia,…

DFC selects Wavemaker Impact as first climate-tech fund investment in Southeast Asia

The United States International Development Finance Corporation (DFC) has committed to investing $15 million in Wavemaker Impact, a climate-tech venture capital fund based in Singapore that covers Southeast Asia.