EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond
The European Investment Bank (EIB) announced that it would provide €3 billion (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
₹110 Billion Has Been Invested for Bihar’s Electrification in Recent Years: RK Singh
The Union Minister of Power and New & Renewable Energy, R.K. Singh, announced that the Ministry of Power (MoP) had invested ₹110 billion (~$ 1.5 billion) for electrification in Bihar ...
China’s FDI in India’s Non-Conventional Energy Space Shrunk in 2019-20
China's foreign direct investment (FDI) in the Indian non-conventional energy segment was just 3.14% of the total Chinese FDI over the last five years, indicated minister of state for finance, ...
Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment
Netherlands-based Ingka Group announced its plans to invest €600 million (~$710 million) over the coming year to help IKEA, its subsidiary, keep its commitment to become climate positive by 2030 ...
France to Invest Over $35 Billion to Boost the Economy Through Renewables
France has announced its plans to invest €100 billion (~$118.4 billion) to retrieve the economy from the damage caused by the COVID-19 pandemic. As part of its 'France Relance' (France ...
EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors
Ultraviolette Automotive Private Limited, a Bangalore-based electric vehicle (EVs) startup, announced that it had secured ₹300 million (~$4.08 million) from TVS Motor Company in a Series B funding round. TVS ...
EESL to Buy 250 EVs from Tata and Hyundai to Upgrade Government’s Fleet
The Energy Efficiency Services Limited (EESL) announced its plans to acquire 250 electric vehicles (EVs) from Tata Motors and Hyundai Motor India for use by the Indian Government. Tata Motors will supply 150 of ...
EV Ride-Hailing Platform BluSmart Secures ₹510 Million
BluSmart, an electric ride-hailing platform, announced that it secured ₹510 million (~$6.89 million) in its pre-series A funding round from multiple investors. According to its press release, investors like Inflection ...
Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million
Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
Project Finance Brief: Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus
Here are some of the important project finance deals from the global renewable energy industry over the past week: Saudi Arabia's ACWA Power, a developer, owner, and operator of power ...
EnerVenue Secures $12 Million in Seed Funding to Develop Metal-Hydrogen Batteries
EnerVenue, a U.S.-based renewable storage battery manufacturer, announced that it secured $12 million in seed funding on its launch. The Chairman of Towngas, Peter Lee, led the seed funding round ...
L&T Sells its Electrical and Automation Business to Schneider Electric
Larsen & Turbo (L&T) announced that it divested its electrical and automation (E&A) business to European energy and automation company Schneider Electric. Schneider Electric will own a 65% stake in ...
Mumbai’s Epsilon Carbon to Invest $70 Million in Battery Material Manufacturing Facility
Epsilon Carbon, a coal chemical processing company, announced that it plans to invest $70 million (~₹5.2 billion) over the next five years towards establishing 50,000 tons of anode material manufacturing ...
Siemens India Set to Acquire C&S Electric
The Competition Commission of India (CCI) has approved the proposed acquisition of New Delhi-based C&S Electric by Siemens Limited. The proposed move will lead to the acquisition of 100% of ...
Climate Financing By Seven Multilateral Development Banks Totals $61 Billion in 2019
In 2019, seven of the world’s largest multilateral development banks (MDBs) provided $61.6 billion (~₹4.6 trillion) in climate financing, out of which $41.5 billion (~₹3.09 trillion) was offered to low-income ...
Brookfield Renewable Set to Issue Green Bonds Worth $321 Million
Canada-based renewable energy investor, Brookfield Renewable, announced that it would issue green bonds to the tune of CDN$ 425 million (~$321 million). These medium-term notes will bear an interest of ...
Visa Announces Launch of Green Bonds Worth $500 Million
Visa, a U.S.-based multinational digital financial service provider, announced that it has issued its inaugural green bond offering, totaling $500 million (~₹37.38 billion). A green bond is a fixed-income instrument designed to ...
Funding and M&A Roundup: Sunamp Raises £4.5 Million in a Series A Financing Round
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Sonnedix, an independent solar power producer (IPP), announced the completion of ...
Masdar to Acquire 50% Stake in EDF’s 1.6 GW of Renewable Projects
Masdar (or the Abu Dhabi Future Energy Company) announced that it has signed an agreement with EDF Renewables North America to acquire a 50% stake in eight renewable energy projects ...
World Bank Grants $300 Million to Promote Electricity Trade in West Africa
The World Bank announced that it would provide $300 million (~₹22.50 billion) to the International Development Associations (IDA) to accelerate reforms to promote electricity trade in West Africa. The grant ...
Deutsche Bank to End Lending for Coal Mining by 2025
The Deutsche Bank has tightened its ‘Fossil Fuels Policy,’ which provides for a stricter framework when dealing with business activities involving coal, oil, and gas. The bank is likely to ...
Funding and M&A Roundup: ChargePoint Secures $127M, First Solar Sells NA O&M Business
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Mumbai-based early-stage VC Unicorn India Ventures has announced its fourth investment ...
Electric Two-Wheeler Maker Ampere acquires 74% stake in E-Rickshaw Company Bestway
Ampere Vehicle, an electric mobility subsidiary of Indian heavy equipment manufacturer Greaves Cotton Limited, announced that it has acquired a 74% stake in Bestway Agencies Private Limited. Bestway is a ...
UK’s Oil Giant BP to Invest $70 Million in India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~$5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy ...
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 ...
