ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power Gets $350 Million in Debt Financing from OPIC to Scale Solar and Wind Projects

ReNew Power has secured fresh debt financing of up to $350 million (~₹24.91 billion) from the Overseas Private Investment Corporation (OPIC). The funds will be utilized by ReNew Power to support ...
/ / Markets & Policy, Solar
ENGIE And STOA Form Joint-Venture to Develop Wind Projects in India

World Bank Pledges $200 Billion to Combat Climate Change

Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
/ / Other, Renewable Energy
SECI Scraps 300 MW Solar Capacity Awarded to Adani Green

Sri Lanka Secures $50 Million Loan Facility from ADB to Develop Rooftop Solar

The Ministry of Finance and Mass Media in Sri Lanka has announced that it has entered into an agreement with the Asian Development Bank (ADB) wherein the bank will loan ...
/ / Markets & Policy, Solar
Top Solar States

Lightsource BP Completes 60 MW Solar Project in India Financed by Rabobank

Lightsource BP, a global renewable energy development firm, has completed its first utility scale solar project in India. The project has been developed in Wagdari, located in the state of ...
/ / Markets & Policy, Solar
MSEDCL’s 1 GW Solar Tender Oversubscribed by 450 MW

Sunsure Energy Raises $2.2 Million in Working Capital for Solar Projects

Sunsure Energy, a solar turnkey solutions provider, has raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working ...
World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector

World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector

The World Bank has approved $180 million in assistance to Kenya to strengthen the financial health of the Kenya Electricity Generation Company Limited (KenGen) and improve private sector financing in ...
/ / Grid, Utilities
Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

Funding into the Global Solar Sector Falls to $2 Billion in Q1 2018

Regulatory ambiguities and tariff uncertainties were a drag on the global solar sector in the first quarter of 2018, causing the announced corporate funding total to fall by 65 percent ...
ReNew Power Raises $352 Million

ReNew Power Raises $352 Million to Pursue Expansion Plans

Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
/ / 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
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