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 ...
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 ...
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) ...
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 ...
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 ...
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, ...
$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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Investors Get to Participate in India Solar Story with Government Sale of 5 Percent Stake in NTPC
The Government of India is selling a five percent stake in the National Thermal Power Corporation (NTPC), a state-owned public utility, and the largest power utility in India, for $1.03 ...
IFC to Provide $50 Million Loan to ACME Jaipur Solar Power Private Limited for 250 MW Solar Project in Rewa
The International Finance Corporation (IFC), a member of the World Bank, will provide a $50 million (~₹3.2 billion) loan to ACME Jaipur Solar Power Private Limited, a wholly-owned subsidiary of ...
Japanese Firm Mitsui to Invest $9 Million in OMC Power
Mitsui & Co., a Japanese trading house, is planning to develop small-scale solar projects in India by investing $9.11 million (~₹582 million) in OMC Power, a rural power company that ...
Sembcorp Acquires Remaining Stake in Sembcorp Green Infra for ₹14.1 Billion from IDFC
Sembcorp Industries, an energy, water and marine group operating worldwide, through its wholly-owned subsidiary Sembcorp Utilities, has entered into an agreement to acquire the remaining 28 percent stake in Sembcorp ...
