About 45% of EU Firms Have Reported Investments to Fight Climate Change: EIB Report
European Investment Bank (EIB) recently published the report "European firms and climate change 2020/2021: Evidence from the EIB Investment Survey". The report sheds light on how European Union (EU) firms ...
Daily News Wrap-Up: Ashok Leyland’s UK Arm Acquires EV Company Switch Mobility
Here are some noteworthy cleantech announcements of the day from around the world: In a BSE disclosure, Ashok Leyland has announced that Switch Mobility Limited, UK – subsidiary of the ...
Project Finance Brief: Sonnedix Raises €172 Million to Refinance its Solar Projects
From: Mercom Capital Group Sonnedix Japan, the Japanese subsidiary of global solar independent power producer Sonnedix, has achieved financial close of €172 million (~$209 million) for the refinancing of a ...
EIB and SBI Launch €100 Million Climate Action and Sustainability Financing
In a significant development, the European Investment Bank (EIB) and the State Bank of India (SBI) have launched a new initiative of €100 million (~$121.63 million) for climate action and ...
Daily News Wrap-Up: $421 Million of Loanpal Residential Solar Loans Securitized
Here are some noteworthy cleantech announcements of the day from around the world: Loanpal, an American point-of-sale technology platform for sustainable home solutions, has announced Goldman Sachs-sponsored Loanpal Solar Loan ...
Daily News Wrap-Up: EIB Approves €688 Million to Support Solar and Wind Expansion
The European Investment Bank (EIB) has approved €3.7 billion (~$4.42 billion) for business investment, renewable energy, and upgrading hospitals, schools, internet services, and urban infrastructure. Out of the total amount, ...
Daily News Wrap-Up: Tata Power Solar Bags ₹12 Billion EPC Order for a 320 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar, a wholly-owned subsidiary of Tata Power, has received a Letter of Award to construct ...
Solar the Most Popular Choice in Hungary’s 1.3 GW Second Renewable Tender
The second renewable energy tender issued by the Hungarian Energy and Public Utilities Regulatory Authority (MEKH) has received a phenomenal response. The 390 GWh tender was oversubscribed by 1,755 GWh, ...
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 ...
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 ...
EIB to Provide $12.5 Million to ENGIE to Set Up Off-Grid Solar Systems in Uganda
The European Investment Bank (EIB) announced that it would provide $12.5 million to solar system installer Fenix International, a subsidiary of ENGIE, to accelerate installations of off-grid solar systems in ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 $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 ...
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 ...
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 ...
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 ...
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 ...
