IFC Invests $150 Million in Green Bonds in Philippines

IFC Invests $150 Million in Green Bonds in Philippines

First Filipino Green Bond Attracts Investment from World Bank Member The first green bond launched by a commercial bank in the Philippines has attracted a $150 million (~₹9.65 trillion) investment ...
/ Finance and M&A, Solar
African Development Bank Approves Loan for Renewable Energy Projects

African Development Bank Approves $324 Million Loan for Renewable Energy Projects

The African Development Bank (AfDB) approved $324 million (~₹20.84 billion) in loan support for two renewable energy projects. The projects are being developed in Morocco and Côte d’Ivoire. The loan ...
/ Finance and M&A, Solar
Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet Raises $60 Million for Off-Grid Solar Financing

Greenlight Planet, a solar home energy company, has raised $60 million (~₹3.86 billion) in funding from a group of investors led by London-based private equity fund manager Apis Partners. Greenlight ...
/ Finance and M&A, Solar
Arjun Infrastructure Partners Acquires Enviromena Power Systems

Arjun Infrastructure Partners Acquires Enviromena Power Systems

Arjun Infrastructure Partners, a British independent infrastructure investment advisory company, has acquired Enviromena Power Systems (Enviromena), a clean energy project company in the Middle East and North Africa (MENA) region ...
/ Finance and M&A, Solar
MBSB to Provide Financing to Develop Solar Project

MBSB to Provide MYR247 Million (~$59.91 million) in Financing to Develop a 50 MW Solar Project

The Malaysia Building Society Berhad (MBSB) has entered into an agreement with Solar Management (Seremban) Sdn Bhd (SMS) to provide up to MYR247 million (~$59.91 million) in financing to develop ...
/ Finance and M&A, Solar
CleanMax Solar Raises Funding from IFC

CleanMax Solar Raises $15 Million (~₹964.52 Million) from IFC

CleanMax Solar, an Indian rooftop solar developer, has raised $15 million (~₹964.52 million) in investment from the International Finance Corporation (IFC), a member of the World Bank Group. The IFC ...
/ Finance and M&A, Solar
Canada Pension Plan Investment Board to Invest About $200 Million in ReNew Power

Canada Pension Plan Investment Board to Invest About $200 Million in ReNew Power

The Canada Pension Plan Investment Board (CPPIB) is set to invest approximately $200 million (~₹12.9 billion) in ReNew Power Ventures in the form of compulsory convertible preference shares (convertible debt) ...
/ Finance and M&A, Solar
World Bank Loan Solar Parks India

World Bank Will Provide $100 Million to Develop Solar Parks in India

The Government of India (GoI) and the World Bank have signed agreements to develop large-scale solar parks in India. As part of the agreements the World Bank will provide $100 ...
/ Finance and M&A, Solar
Canadian Solar Sells 80 MW Solar Project in Maharashtra

Canadian Solar Sells 80 MW Solar Project in Maharashtra, India

Canadian Solar, a global module supplier and solar project developer, has sold its 80 MW (108 MW DC) grid-connected solar project in Maharashtra. The sale of the project by Canadian ...
/ Finance and M&A, Solar
Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Innovative ways to raise capital, ranging from Islamic Green Bond to climate finance, has enabled Scatec Solar to launch 758 MW of clean energy projects on three continents - Asia, ...
/ Finance and M&A, Solar
Financing Activity in the Indian Solar Sector So Far This Year

$4.2 Billion in Financing Activity in the Indian Solar Sector So Far This Year

In the first three quarters of 2017, the Indian solar sector saw almost $4.2 billion (~₹272 billion) in announced corporate, project funding, and M&A deals, according to the recently released ...
/ Finance and M&A, Solar
Cleantech Solar, responsAbility to Provide Loan for Rooftop Solar Projects in Asia

Cleantech Solar, responsAbility to Provide $20 Million Loan for Rooftop Solar Projects in Asia

Cleantech Solar, a Singapore-based solar energy provider, and responsAbility have joined forces to increase the momentum of rooftop solar energy adoption in South-East Asia and India. A responsAbility-managed climate fund ...
/ Finance and M&A, Solar
IFC-Led Consortium Invests

IFC-Led Consortium Invests $653 Million to Develop 13 Solar Projects in Egypt

A consortium of investors led by the International Finance Corporation (IFC), a member of the World Bank Group, has finalized a $653 million debt package to finance the construction of ...
/ Finance and M&A, Solar
EBRD, GCF and FMO

EBRD, GCF and FMO to Provide $87 Million Loan to Develop Solar Projects in Egypt

The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF), and the Netherlands Development Finance Company (FMO) have together agreed to provide an $87 million syndicated loan ...
/ Finance and M&A, Solar
Lightsource Partnership Project Finance

Lightsource and UK Climate Investments Establish Partnership to Fund Indian Solar Projects

Lightsource Renewable Energy and UK Climate Investments, part of the Green Investment Group within Macquarie Infrastructure and Real Assets (MIRA), have entered an agreement to form a partnership platform to ...
/ Finance and M&A, Solar
Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko, a renewable energy project developer, raised ₹30 billion (~$461 million) through the sale of onshore rupee-denominated bonds. The bonds will mature in 2027. The bonds have a call option ...
/ Finance and M&A, Solar
Fortum Confirms Part of its Indian Solar Assets are Up for Sale

Fortum Confirms Part of its Indian Solar Assets are Up for Sale

Fortum, a clean energy company from Finland, confirmed that it has appointed Barclays to serve as its banking partner and facilitate the sale of a stake in its operational Indian ...
/ Finance and M&A, Solar
Union Bank of India Approves Indosolar’s One Time Debt Settlement Proposal

Union Bank of India Approves Indosolar’s One Time Debt Settlement Proposal

The Union Bank of India has approved Indosolar’s proposal for one-time settlement (OTS), according to a Bombay Stock Exchange (BSE) filing. The debt of the Union Bank of India has ...
/ Finance and M&A, Solar
SolarNow Receives Financing

SolarNow Receives $6 Million in Financing

SolarNow, a solar energy, and financial solutions provider, has received $6 million in financing from SunFunder, responsAbility Investments AG, and Oikocredit. According to the company, the $6 million facility will ...
/ Finance and M&A, Solar
IREDA Green Masala Bonds

IREDA Raises $300 Million through Green Masala Bonds

The Indian Renewable Energy Development Agency (IREDA) raised $300 million (~₹19.5 billion) through the issuance of Green Masala Bonds on the Singapore Exchange (SGX). The agency issued a five-year green ...
/ Finance and M&A, Solar
M-KOPA Solar Secures in Commercial Debt Funding

M-KOPA Solar Secures $80 Million in Commercial Debt Funding

M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has secured $80 million of committed financing. The company will utilize the funds over the next three years to provide finance ...
/ Finance and M&A, Solar
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
/ Finance and M&A, Solar
EIB to Provide Funding to Indian Renewable Energy Sector

EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector

The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
/ Finance and M&A, Solar
Oorjan Cleantech Raises Seed Funding

Oorjan Cleantech Raises $450,000 in Seed Funding for Rooftop Solar in India

Oorjan Cleantech, an India-based rooftop solar solutions provider, raised $450,000 (~₹28.8 million) in online seed funding. US-based VC firm, Globevestor was the primary investor followed by group of senior directors ...
/ Finance and M&A, Solar
Initial Public Offering

ACME Solar to Raise $337 Million Through IPO

As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
/ Finance and M&A, Solar