Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

Urja Global Limited has announced that it has received the approval to raise green bonds of up to $500 million (₹35.64 billion) to finance renewable projects and electric vehicles (EVs) ...
/ / Finance and M&A, Other
MNRE Awards Grants to Four Clean Energy Companies Under Second Round of PACEsetter Fund

MNRE Awards Grants to Four Clean Energy Companies Under Second Round of PACEsetter Fund

The Ministry of New and Renewable Energy (MNRE) has announced that it has awarded grants to the awardees of the second round of PACEsetter fund program. The PACEsetter Fund is ...
/ / Finance and M&A, Other
Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Acquires Transmission Project in Rajasthan Solar Zone from PFC Consulting

Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of the special purpose vehicle of Bikaner-Khetri Transmission Limited (BKTL),  incorporated by PFC Consulting Ltd. ATL ...
/ / Finance and M&A, Other
CERC Proposes New Regulations for Power System Development Fund

CERC Proposes New Regulations for Power System Development Fund

The Central Electricity Regulatory Commission (CERC) has issued regulations for Power System Development Fund (PSDF), which will come into effect from the date of their publication in the Official Gazette ...
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Payment Dues of State DISCOMs Now Total ₹82 Billion to Solar, Wind, Hydro Power Producers

Payment Dues of State DISCOMs Now Total ₹82 Billion to Solar, Wind, Hydro Power Producers

Distribution companies (DISCOMs) in some of the top renewable energy generating states such as Andhra Pradesh and Tamil Nadu are the biggest defaulters in paying dues for the power procured ...
/ / Finance and M&A, Other
Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

The Indian Oil Corporation (IOC) plans to diversify its business verticals and make significant investments to the tune of ₹250 billion (~$3.48 billion) in clean energy projects like solar, wind, ...
/ / Finance and M&A, Other
Suzlon Group’s Net Loss was ₹3.37 Billion in the First Quarter of FY 2020

Suzlon Group’s Net Loss was ₹3.37 Billion in the First Quarter of FY 2020

Suzlon Group, a renewable energy solutions provider, headquartered in Pune, has announced its financial results for the first quarter (Q1) of the fiscal year 2019-20 (FY20). The revenue of the ...
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Renewable Project Developer Greenko Receives $329 Million in Equity

Renewable Project Developer Greenko Receives $329 Million in Equity

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
/ / Finance and M&A, Other
Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp Industries has increased its equity stake in its India arm Sembcorp Energy India (SEIL) from 93.73% to 94.05%. The company has infused ₹5.169 billion (~$75.33 million) into SEIL to ...
/ / Finance and M&A, Other
Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Headquartered in Saudi Arabia, ACWA Power, a developer, owner, and operator of power generation and water desalination projects has signed an agreement with Silk Road Fund for a 49% stake ...
Power Finance Corporation Raises $300 Million Through Syndicated Loan

Power Finance Corporation Raises $300 Million Through Syndicated Loan

The Power Finance Corporation (PFC) has announced that it has raised $300 million through a three-year syndicated loan from the State Bank of India, Honk Kong and MUFG Bank, Singapore ...
China’s Keppel Land Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China, a Singapore-based company, has secured its first green loan facility to the tune of RMB 850 million (~$125 million) from HSBC Group China for the development of ...
Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Arnergy, a Nigerian distributed utility company, has announced raising $9 million in Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for ...
Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

The 2018 edition of the joint report on climate finance by the world’s largest multilateral development banks (MDBs) reveals that nearly $43.1 billion was allocated to developing and emerging economies ...
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World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

The World Bank has approved $300 million in loans for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy. “This project ...
/ / Finance and M&A, Other
African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

African Development Bank to Provide $995,000 to Support Ethiopia’s Renewable Sector

Ethiopia’s quest to roll out a sustainable procurement framework for independent power producers has received a boost in the form of a grant of $995,000 made by the Sustainable Energy ...
ADB Provides $750 Million Loan to Indian Railways for Transitioning to Electric Power

ADB Provides $750 Million Loan to Indian Railways for Transitioning to Electric Power

The Indian Railway Finance Corporation (IRFC) has signed an agreement with the Asian Development Bank (ADB) for the electrification of railway tracks. This initiative is part of a broad modernization ...
ADB and ASEAN Announce $1 Billion Green Finance Facility

ADB and ASEAN Announce $1 Billion Green Finance Facility

The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative ...
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World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

World Bank Commits $22.5 Billion to Scale Up Climate Action in Africa

The World Bank has committed $22.5 billion to Africa for climate adaptation and mitigation in the next five years. The funding is part of the World Bank’s 2025 target to accelerate ...
/ / Finance and M&A, Other
Biomass Company PRESPL to Raise Up to $10 Million in Series B Funding

Biomass Company PRESPL to Raise Up to $10 Million in Series B Funding

Punjab Renewable Energy Systems Pvt. Ltd. (PRESPL), a Mumbai-based biomass supply chain management company, is planning to raise up to $10 million in Series B funding round. Promoted by the ...
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More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
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Off-Grid Solar Products Sales in India Totaled $36 Million in the Second Half of 2017

India was Among the Top Recipients of Electricity Financing During 2015-16: Report

India was among the top recipients of electricity financing during the year 2015-16, with two-thirds of total financing concentrated in South Asia, according to a report titled “Energizing Finance: Understanding ...
/ / Finance and M&A, Other
ReNew Power Acquires Ostro Energy

ReNew Buys Ostro in One of the Largest Renewable Acquisition Deals in India

Indian renewable energy project developer ReNew Power has announced the acquisition of Ostro Energy Private Limited. The acquisition is valued close to ₹10,600 crores (~$1.63 billion), according to Mercom’s channel ...
Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

Togo Receives $4 Million in Funding to Boost Energy Access Across the Country

The African country of Togo has received a significant boost in the form of $4 million in funding to further the development an energy access drive dubbed the Cizo initiative ...
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