IFC to Provide $25 Million Loan to Facilitate Green Financing in Nepal
The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it will provide a loan of $25 million to NMB Bank, one of Nepal's ...
L&T Infrastructure Finance Receives $50 Million from AIIB to Fund Renewable Projects
L&T Infrastructure Finance Company Limited (LTIF), an Indian non-banking financial company (NBFC), announced that it had received the first $50 million (~₹3.72 billion) of a $100 million (~₹7.43 billion) external ...
HSBC and IFC Raise $474 Million Through Emerging Markets’ Green Bond Fund
The HSBC Global Asset Management and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have announced the third closing of the HSBC Real Economy Green ...
Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV
Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), ...
ADB to Lend $100 Million for a 125 MW Battery Energy Storage System in Mongolia
The Asian Development Bank (ADB) has approved a $100 million loan to help expand its supply of renewable energy in Mongolia through a 125 MW advanced battery energy storage system ...
AfDB-Managed SEFA Grants $760,000 to Set Up Renewable Projects in Africa
The Sustainable Energy Fund for Africa (SEFA), which is managed by the African Development Bank (AfDB), has approved a grant of $760,000 (₹57.61 million) to Empower New Energy As (EmNEW) ...
BlackRock Raises $5.1 Billion for Renewable Energy
BlackRock’s Global Energy and Power Infrastructure Fund has achieved a $5.1 billion fundraise for Global Energy & Power Infrastructure Fund III (GEPIF III), making it the most substantial alternative fundraise ...
Singapore’s CapitaLand Receives Over $282 Million for Green Buildings
Headquartered in Singapore, CapitaLand has secured a total of S$400 million (~$282.65 million) in a green loan to increase its green assets and enhance its global portfolio by 2030. Out ...
ReneSola Signs $100 Million Investment Deal to Ramp Up its Solar Module Manufacturing
ReneSola Ltd, a solar module manufacturer, has announced that it has signed a $100 million strategic investment agreement with the Zhongnan Industry, a subsidiary of Zhongnan Holding Group. Both of ...
German Wind Turbine Manufacturer Senvion Sells its Indian Entity
Germany-based Senvion GmbH, a German wind turbine manufacturer, has announced that it has entered into a binding agreement with a strategic investor to sell and transfer its fully operational Indian ...
Suzlon Set to Restructure its Bonds
Suzlon Energy Limited, a publically listed renewable company that has been under financial stress over the past year, has received approval to restructure its bonds. According to the company’s filing ...
AfDB and Others Pledge $160 Million for Improving Energy Access in Africa
To improve energy access in Africa by using small scale renewable projects and mini-grid projects, the African Development Bank (AfDB), the European Commission, KfW, the Clean Technology Fund, Norfund, and ...
NTPC Acquires North Eastern Electric Power Corporation Limited
The National Thermal Power Corporation of India (NTPC) has acquired 3,60,98,09,800 equity shares in the North Eastern Electric Power Corporation Limited (The share purchase agreement represents an amount of ₹40 ...
ABB Acquires Majority Stake in Chinese E-Mobility Company Chargedot
Switzerland-based ABB has completed the acquisition of a majority stake in the Chargedot Shanghai New Energy Technology Company Limited. The news was made public by the company in a press ...
RBI Cuts Repo Rate to 4.4% to Boost Economic Activity Amid Coronavirus Pandemic
As the country grapples with the Coronavirus (COVID-19) outbreak, the Reserve Bank of India (RBI) today announced that the repo rate has been reduced by 75 basis points (bps) to ...
Finance Ministry Announces Economic Relief Measures Amid Coronavirus Outbreak
In the wake of the deadly Coronavirus (COVID-19) outbreak, which has affected the global economy, India’s Finance Minister Nirmala Sitharaman today announced relief measures for taxpayers and businesses as the ...
IFC Backs Standard Bank of South Africa’s Green Bond Issue with $200 Million Investment
The International Finance Corporation (IFC), the financial arm of the World Bank Group, has announced that it has invested ₹200 million (~₹14.7 billion) in the Standard Bank of South Africa’s ...
JP Morgan Commits $200 Billion for Sustainability, To Stop Lending to Coal Companies
U.S.-based JP Morgan Chase, one of the world’s largest banking institutions, announced that it has committed $50 billion (~₹3.59 trillion) towards green initiatives as part of a larger $200 billion (~₹14.37 ...
Sunseap Raises Over $71 Million to Support Solar Projects Across Asia
Sunseap Group, a Singapore-based renewable solutions provider, has raised 100 million in Singapore dollars (~$71.79 million) in its fourth round of fund-raising from Banpu, a publicly listed company on the ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million
The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it would provide a loan to the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) ...
Suzlon’s Outstanding Debt Reaches ₹127.85 Billion
Renewable energy company Suzlon Energy Limited has disclosed an outstanding debt of ₹127.85 billion (~$1.8 billion), according to the company’s Bombay Stock Exchange (BSE) filing. The company has filed the ...
Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy
The Bank of America (BofA) has announced its plans to lend ₹3.56 billion (~$50 million) to Fourth Partner Energy, a distributed solar energy management company. The amount is a local currency revolving ...
Qatar Investment Authority to Acquire 25% Stake in Adani Electricity Mumbai
In an important development, the Qatar Investment Authority (QIA) has signed an agreement to invest ₹32 billion (~$450 million) for a 25.1% stake in Adani Electricity Mumbai Limited (AEML). As ...
Green Climate Fund and AfDB to Provide $154 Million for Renewable Financing in Zambia
The Green Climate Fund (GCF) and the African Development Fund (AfDB) have joined hands to support a $154 million renewable financing framework in the southern African nation of Zambia. Historically, ...
