Power Sector Financier REC Limited Secures $75 Million Loan from Sumitomo Mitsui Banking

Power Sector Financier REC Limited Secures $75 Million Loan from Sumitomo Mitsui Banking

REC Limited, a public infrastructure finance company in India’s power sector, has raised a $75 million five-year secured overnight financing rate (SOFR) linked syndicated term loan. Sumitomo Mitsui Banking Corporation ...
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Energy Market Access Platform Leap Raises $33.5 Million in Series B Funding

Energy Market Access Platform Leap Raises $33.5 Million in Series B Funding

Energy market access platform Leap has raised $33.5 million in equity and debt in Series B funding led by Park West Asset Management, a Northern California-based investment management firm. Existing ...
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Funding and M&A Roundup Residential Solar Finance Company GoodLeap Raises $800 Million

Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million

From: Mercom Capital Group GoodLeap (formerly Loanpal) - a California-based solar loan origination platform that finances solar systems and batteries - announced an investment round of more than $800 million, ...
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Project Finance Brief Globeleq Acquires a 66 MW Solar Project in Egypt

Project Finance Brief: Globeleq Acquires a 66 MW Solar Project in Egypt

From: Mercom Capital Group Globeleq, an independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MW solar PV project located at ...
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ENEOS to Acquire 100% Stake in Japan Renewable Energy for ¥200 Billion

ENEOS to Acquire 100% Stake in Japan Renewable Energy for ¥200 Billion

ENEOS Holdings, an oil refiner and distributor, based in Japan, announced that its consolidated subsidiary ENEOS Corporation would acquire a 100% stake in Japan Renewable Energy Corporation (JRE) for ¥200 ...
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Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019- 2030. The expanded climate ...
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Tata Motors to Raise $1 Billion for its Passenger Electric Vehicle Subsidiary

Tata Motors to Raise $1 Billion for its Passenger Electric Vehicle Subsidiary

TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, and Abu Dhabi Developmental Holding Company (ADQ) have entered into a binding agreement to invest ₹75 billion ...
Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Eos Energy Enterprises, a U.S.-based zinc-powered energy storage systems provider, announced that its wholly-owned subsidiary HI-POWER had signed a $25 million equity financing agreement with Trinity Capital. The funding will be ...
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Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Australia-based Fortescue Future Industries (FFI) has acquired a 60 % stake in the Dutch-based High yield Energy Technologies (HyET) Group. FFI also provided the majority share of financing for expanding ...
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Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
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China was Second-Largest Source of Green Bond Issuance in 2020

China was Second-Largest Source of Green Bond Issuance in 2020

A report released by Climate Bonds Initiative (CBI) and China Central Depository & Clearing Research Centre (CCDC Research) has said that China was the second-largest source of green bond issuance ...
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Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, TotalEnergies, VINCI, and other international companies have come together to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to raise ...
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Ola Raises $200 Million to Expand its Electric Vehicle Platform

Ola Raises $200 Million to Expand its Electric Vehicle Platform

Bangalore-based electric vehicle (EV) manufacturer Ola Electric has raised over $200 million, at a valuation of $3 billion, from Falcon Edge, Softbank, and other investors. The fresh funding will help the ...
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Energize Ventures Raises $330 Million to Enhance Energy Transition Technologies

Energize Ventures Raises $330 Million to Enhance Energy Transition Technologies

Energize Ventures, a global investment manager that funds digital-first solutions for sustainable energy transition, announced that it had raised $330 million while closing its second flagship fund. The company said ...
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Sembcorp Industries Raises $496 Million Through Sustainability-Linked Bonds

Sembcorp Industries Raises $496 Million Through Sustainability-Linked Bonds

Singapore-based renewable energy company Sembcorp Industries has raised S$675 million (~$496.1 million) by launching a sustainability-linked bond (SLB) in Singapore. The company’s wholly-owned subsidiary, Sembcorp Financial Services, priced its inaugural bond. International ...
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SJVN Registers a Net profit of ₹3.39 Billion in Q1 2021-22

SJVN Registers a Net profit of ₹3.39 Billion in Q1 2021-22

SJVN Limited, a joint venture between the Government of India and the Government of Himachal Pradesh, has registered a net profit of ₹3.39 billion (~$45.63 million) in the first quarter ...
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Bharat Petroleum's 7,000 Retail Outlets to Support Electric Vehicle Charging

Bharat Petroleum’s 7,000 Retail Outlets to Support Electric Vehicle Charging

Government-owned oil and gas major Bharat Petroleum Corporation Limited (BPCL) has said it plans to leverage its nationwide network of fuel stations to support electric mobility. The company plans to ...
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Generation Investment Acquires 13 Stake in Octopus Energy for $600 Million

Generation Investment Acquires 13% Stake in Octopus Energy for $600 Million

Octopus Energy Group (Octopus) has announced a strategic partnership with Generation Investment Management (GIM), a firm founded in 2004 to invest in businesses that promote sustainability and the fight against climate ...
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Japanese Energy Company JERA Invests $1.58 Billion in Philippines Power Utility

Japanese Energy Company JERA Invests $1.58 Billion in Philippines Power Utility

Japanese energy company (JERA) has entered into a share purchase agreement with Aboitiz Equity Ventures and Aboitiz & Company to purchase around 27% of the outstanding shares of Aboitiz Power ...
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Solar Asset Management Platform Omnidian Raises $33 Million in Series B Round

Solar Asset Management Platform Omnidian Raises $33 Million in Series B Round

Solar system performance plan provider Omnidian has secured $33 million in a Series B capital raise led by Activate Capital. The company expects to use the fund to expand into ...
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Thermal Energy Storage Systems Company Sunamp Raises $8 Million

Thermal Energy Storage Systems Company Sunamp Raises $8 Million

From: Mercom Capital Group Sunamp, a provider of thermal energy storage systems, has raised £6 million (~$8.21 million) in Series B funding from the Scottish National Investment Bank. Sunamp plans to ...
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Plasma Tech Provider 6K Raises $51 Million for Advanced Battery Material Development

Plasma Tech Provider 6K Raises $51 Million for Advanced Battery Material Development

Advanced microwave-based plasma technology provider 6K closed a $51 million Series C financing round led by Volta Energy Technologies. The funding is expected to enable tripling of production capacity for ...
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Adani Group to Invest $20 Billion in Renewable Energy, Foray into Green Hydrogen (1)

Adani Group to Invest $20 Billion in Renewable Energy, Foray into Green Hydrogen

The Adani Group will invest $20 billion in renewable energy generation and component manufacturing over the next ten years and produce the world's cheapest green electron, its Chairman Gautam Adani ...
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Power Finance Corporation Issues India's First-Ever Euro-Denominated Green Bond

Power Finance Corporation Issues India’s First-Ever Euro-Denominated Green Bond

Power Finance Corporation Ltd (PFC), a financial institution under the Ministry of Finance, issued its maiden Euro Green Bond of £300 million (~$353 million) under the U.S. Global Medium Term ...
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EnerVenue Secures $100 Million for its Metal-Hydrogen Batteries

EnerVenue Secures $100 Million for its Metal-Hydrogen Batteries

US-based renewable storage battery manufacturer EnerVenue has raised $100 million in Series A funding led by Schlumberger New Energy. EnerVenue is said to be the first company to bring metal-hydrogen batteries to the ...
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