JP Morgan Commits $200 Billion for Sustainability, To Stop Lending to Coal Companies

JP Morgan Commits $200 Billion for Sustainability, To Stop Lending to Coal Companies

U.S.-based JP Morgan Chase, one of the world’s largest banking institutions, announced that it has committed $50 billion (~₹3.59 trillion) towards green initiatives as part of a larger $200 billion (~₹14.37 ...
IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables

IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it would provide a loan to the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) ...
African Development Bank Approves $21.7 Million for Solar Pumps in Sudan

African Development Bank Approves $21.7 Million for Solar Pumps in Sudan

The African Development Bank (AfDB) has approved a $21.78 million (~₹1.54 billion) grant to the government of Sudan to promote the adoption of solar-powered irrigation pumps in the country. The ...
EIB to Stop Funding Fossil Fuel-Based Projects After 2021

EIB to Stop Funding Fossil Fuel-Based Projects After 2021

The European Investment Bank (EIB) has announced that it will end financing fossil fuel-based projects by the end of 2021. The global lender now wants to focus its financing for ...
/ / Other Energy
Supreme Court

What Does Supreme Court’s Order Quashing RBI’s NPA Circular Mean for the Solar Sector

Recently, the Supreme Court of India ordered the quashing of a circular issued by the Reserve Bank of India on non-performing assets (NPAs). According to a PTI report, “The Supreme ...
Madhya Pradesh Clarifies the Impact of Solar Safeguard Duty on 30 MW Rooftop Tender

India’s Rooftop Solar in Dire Need of Innovative Financing Solutions

Four years ago, under the leadership of Prime Minister Modi, India set a target to install 175 GW of renewable capacity by the year 2022. Of the targeted capacity, 100 ...