Azure Power Sale of Bonds

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
Wind Q2 2014 Funding and M&A

Wind Energy Sector Receives $4 Billion in Corporate Funding, Reports Mercom Capital Group

Wind Project Funding comes to $6.3 Billion with record number of deals Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and ...
/ Finance and M&A, Other
SG Q2 2014 Funding and M&A

VC Funding in Smart Grid Comes in at $81 Million in Q2 2014, Reports Mercom Capital Group

Battery/Storage companies raise $90 million, Energy Efficiency companies raise $113 million  Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers ...
/ Finance and M&A, Other