Maldives Set to Develop Solar Battery-Diesel Hybrid Systems

Maldives Set to Develop Solar Battery-Diesel Hybrid Systems

The Asian Development Bank (ADB) and the environment ministry of Maldives have started to implement solar battery-diesel hybrid systems in 48 islands out of the 160 inhabited islands of the ...
/ / Solar, Utility Scale
Increasing Number of Insurance Companies Moving Away from Coal-Based Projects_ Report

Increasing Number of Insurance Companies Moving Away from Coal-Based Projects: Report

Coal, one of the most significant contributors to climate change, is on its way to becoming uninsurable. The Unfriend Coal campaign, which is now in its third year, shows how ...
/ / Other Energy
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
IFC Extends Financing Package for 60 MW of Solar Projects in Senegal

IFC Extends Financing Package for 60 MW of Solar Projects in Senegal

The International Finance Corporation (IFC), the financial arm of the World Bank, has finalized the financing of two grid-connected solar photovoltaic (PV) projects aggregating 60 MW in Senegal. The finalization ...
/ / Finance and M&A, Solar
Karnataka Proposes Reduction in BESCOM’S RPO Target from 13% to 12%

EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India

The European Investment Bank (EIB) has confirmed it is going to increase its support to investment in onshore wind through the expansion of an existing lending program with the State Bank ...
/ / Other, Wind
Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Solar Solutions Provider d.light Raises $50 Million in Debt Financing

Off-grid solar solutions provider d.light has successfully raised $50 million in funding from the European Investment Bank (EIB), responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder, and another mission ...
EIB Agrees to Provide a $25 Million Loan to Strengthen Energy Access in Africa

EIB Agrees to Provide a $25 Million Loan to Strengthen Energy Access in Africa

The European Investment Bank (EIB) has announced plans to provide $25 million in financing to low-cost solar power provider D.light design to strengthen energy access in Africa through the installation of ...
/ / Off-grid, Solar
IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy in India

IREDA Inks €150 Million Deal with EIB for Growth of Clean Energy Projects in India

The European Investment Bank (EIB) and the Indian Renewable Energy Development Agency (IREDA) have inked an agreement worth €150 million (~$184.81 million) to further the growth of renewable energy generation in ...
YES Bank and EIB Announce Renewable Energy Financing Program for India

YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India

YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
/ / Other, Renewable Energy
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
Month in a Minute

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in April 2017

Mercom India forecasts cumulative installations in the calendar year 2017 to reach 10 GW. The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of ...
Solar Finance

Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017

With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
/ / Finance and M&A, Solar
Loan

European Investment Bank to Provide EUR 200 Million (~$213 Million) Loan to State Bank of India for Large-Scale Solar

The European Investment Bank (EIB) approved a EUR 200 million (~Rs.13.8 billion), 20-year loan to State Bank of India (SBI) which will be utilized to help develop large scale solar ...
/ / Finance and M&A, Solar