PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

The Power Finance Corporation (PFC), an undertaking of the government of India, made its first international bond issuance in more than two decades last week when it issued $400 million ...
/ Finance and M&A, Other
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
/ Finance and M&A, Other
SBI World Band Rooftop Solar India

SBI and World Bank Extend $357 Million Credit to 7 Indian Companies for Solar Rooftops

The State Bank of India (SBI) and the World Bank have announced ₹23.2 billion ($357 million) in credit facilities for seven Indian solar companies that will be used to develop ...
/ Finance and M&A, Rooftop
Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

French multinational energy conglomerate Engie announced that it has reached an agreement to acquire 100 percent of Fenix International, a next generation energy company that offers solar home systems (SHS) ...
/ Finance and M&A, Other
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ Finance and M&A, Other
Financing Activity in the Indian Solar Sector So Far This Year

Azure Power to Raise $500 Million (~Rs.32 Billion) from Sale of Bonds

Azure Power, an Indian solar power producer, will issue and raise around $500 million (~Rs.32 billion) from the sale of bonds to overseas investors. It bond offering was said to have attracted ...
/ Finance and M&A, Other
IFC Invest

IFC Invests $103 Million in L&T Infrastructure Finance

The IFC, a member of the World Bank Group, has invested $103 million in L&T Infrastructure Finance Company, a wholly-owned subsidiary of L&T Finance Holdings, by subscribing to the first ...
/ Finance and M&A, Other
Rural Electrification Corporation

Rural Electrification Corporation Raises $450 Million Through Green Bonds

The state-owned Rural Electrification Corporation of India has raised $450 million through the sale of green bonds on the London Stock Exchange (LSE). The 10-year dated green bond raised $450 ...
/ Finance and M&A, Other
ADB

ADB Raises $217 Million Through Sale of Offshore Rupee-Linked Bonds

The Asian Development Bank (ADB) raised $217 million by issuing offshore Indian rupee-linked five-year bonds. This is ADB's largest single offshore Indian rupee-linked bond issue. This is ADB's third bond ...
/ Finance and M&A, Other
IEX IPO

Indian Energy Exchange (IEX) to Launch IPO

The Indian Energy Exchange (IEX), India’s power trading platform, is expected to launch an initial public offering (IPO) soon. The IEX filed draft papers with the Securities and Exchange Board ...
/ Finance and M&A, Other
Narendra_Modi

IREDA to Launch IPO

The Cabinet Committee on Economic Affairs has approved the launch of IREDA’s initial public offering (IPO) today, the 7th of June 2017. Indian Renewable Energy Development Agency (IREDA) will issue 139 million equity ...
/ Finance and M&A, Other
Bonds

ADB Raises $47 Million From Indian Bonds To Fight Climate Change In India

The Asian Development Bank (ADB) announced this week that it has raised Rs.3 billion (~$47 million), from a new issue of offshore Indian Rupee-linked bonds in an effort to finance ...
/ Finance and M&A, Other
ADB

NTPC Makes Second Bond Offering for $311.5 Million

The National Thermal Power Corporation (NTPC), a government-owned power utility, has priced its second, rupee-denominated five-year masala bond offering for Rs.20 billion (~$311.5 million), in the international markets on April ...
/ Finance and M&A, Other
Solar Tender

NTPC Upsizes Medium-Term Note Program to $6 Billion

The National Thermal Power Corporation (NTPC) has upsized the medium-term note (MTN) program to $6 billion. The state-run power generator also issued rupee denominated bonds worth Rs.50 billion (~$772.14 million) ...
/ Finance and M&A, Other
Funding

Greenko Raises $155 Million in Equity Funding

Greenko Energy Holdings (Greenko), a renewable energy company, raised $155 million (~Rs.10.14 billion) in equity funding. The company signed definitive agreements with an affiliate of GIC and an entity that ...
/ Finance and M&A, Other
Bonds

NTPC Raises Rs. 20 Billion (~$305 Million) through Green Masala Bonds

The National Thermal Power Corporation (NTPC) has raised Rs. 20 billion (~$305.47 million) through the issuance of Green Masala Bonds in the overseas market. These bonds were issued under NTPC’s ...
/ Finance and M&A, Other
MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

The Ministry of New and Renewable Energy (MNRE) will receive ~Rs.53.41 billion (~$817 million) from the National Clean Energy Fund (NCEF) for financial year 2017-2018. The National Clean Energy Fund ...
/ Finance and M&A, Other
ReNew Power

Japan’s JERA Invests $200 Million in ReNew Power

JERA, a joint venture company of two of Japan’s largest utility companies – Tokyo Electric Power and Chubu Electric Power, invested $200 million for a 10 percent stake in India’s ...
/ Finance and M&A, Other
Lending rates

Solar Lending Rates Witness Slight Dip in the last Quarter

The Indian solar sector witnessed a slight dip in lending rates over the last quarter (Oct-Dec 2016). The average interest rates for solar projects came down slightly compared to the ...
/ Finance and M&A, Other
Finance

ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India

The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop ...
/ Finance and M&A, Other
Welspun Energy Divestment

Welspun Enterprises to Divest Entire 15.49 Percent Stake in Welspun Energy

Welspun Enterprises, an infrastructure company, has announced that it is going to divest its entire 15.49 percent stake in Welspun Energy, an independent power company. The Board of Directors has, ...
/ Finance and M&A, Other