Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures

REC Limited, an infrastructure finance company involved in financing power projects, is seeking the approval of shareholders to raise ₹850 billion (~$11.63 billion) through the private placement of bonds or ...
/ / Finance and M&A, Other
Suzlon Posts 122% Increase in Net Revenue in Q1 FY 2022

Suzlon Posts 122% Increase in Net Revenue in Q1 FY 2022

Pune-based renewable energy solutions provider Suzlon Energy Limited announced the results for the first quarter (Q1) of the financial year (FY) 2022. As per the financial statement released by the ...
/ / Other, Wind
Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report

Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report

In 2020, 420 climate-aligned issuers issued climate bonds of $913.2 billion, Climate Bonds Initiative, a London-based non-profit research organization, said in its latest report. The climate-aligned market is around half of ...
/ / Other, Renewable Energy
Lumea Invites EoI to Develop 300 MW Battery Storage System in Australia

Lumea Invites EoI to Develop 300 MW Battery Storage System in Australia

Lumea, a commercial arm of TransGrid, has issued an expression of interest (EoI) to develop a 300 MW grid-scale battery storage system in Victoria, Australia. The company plans to develop ...
Masdar Wins the Bid to Develop a 200 MW Solar Project in Armenia

Masdar Wins the Bid to Develop a 200 MW Solar Project in Armenia

Masdar, an Abu-Dhabi-based renewable energy company, won the bid to develop a 200 MW solar project in Armenia. The company had reportedly submitted the lowest bid of $0.029/kWh in a ...
In 2020, Europe Invested €43 Billion in Wind Farms to Build 20 GW of Capacity

In 2020, Europe Invested €43 Billion in Wind Farms to Build 20 GW of Capacity

Europe invested €43 billion (~$51.47) in new wind farms in 2020, the second-highest annual amount on record. The investments cover 20 GW of new capacity that will be built in ...
/ / Other, Wind
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

New Delhi-based electric vehicle (EV) maker Euler Motors announced that it had raised an additional $2.6 million in Series A funding from ADB Ventures - the venture investing arm of the Asian ...
Daily News Wrap-Up_ Rosatom to Acquire 49% Stake in South Korean Energy Storage Company

Daily News Wrap-Up: Rosatom to Acquire 49% Stake in South Korean Energy Storage Company

Here are some noteworthy cleantech announcements of the day from around the world: RENERA, an energy storage business arm of Rosatom, has signed an agreement to acquire a 49% share ...
/ / Other, Renewable Energy
Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson Subsidiary Acquires GCO Solar

Sterling and Wilson International Solar FZCO (SWFZCO) announced that it has fully acquired the equity share capital of GCO Solar, an Australia-based electrical and solar contractor. In a BSE filing, ...
Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

Power Finance Corporation’s Revenue Up 16% in Q3 FY 2021

The Power Finance Corporation (PFC) has reported a rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) with ₹184.42 billion (~$2.5 billion), up ...
/ / Finance and M&A, Grid
Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon’s Net Revenue Jumps in Q3 FY 2021 Following Debt Restructuring

Suzlon Energy Limited has announced a 43% jump in its net revenue in the third quarter (Q3) of the financial year (FY) 2021 on the back of a ramp-up in its ...
Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs

Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs

Kerala’s Finance Minister Thomas Isaac announced a 50% reduction in motor vehicle tax for electric, fuel cell, and full hybrid battery electric vehicles (EV) for five years in the state’s ...
Daily News Wrap-Up_ KPI Global Signs PPAs to Sell Solar Power to Two Industrial Customers

Daily News Wrap-Up: KPI Global Signs PPAs to Sell Solar Power to Two Industrial Customers

Here are some noteworthy cleantech announcements of the day from around the world: TP Renewable Microgrid, a wholly-owned subsidiary of Tata Power, has commissioned its 100th solar microgrid project in ...
/ / Other, Renewable Energy
Tata and SIDBI to Give Collateral-Free Loans to MSMEs to Set Up Rooftop Solar Systems

Tata and SIDBI to Give Collateral-Free Loans to MSMEs to Set Up Rooftop Solar Systems

Tata Power has joined hands with the Small Industries Development Bank of India (SIDBI) to provide affordable financing for rooftop solar installations by the micro, small, and medium enterprises (MSMEs) ...
/ / Rooftop, Solar
Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance Invests ₹2 Billion in Solar Glassmaker Borosil Renewables

Convergent Finance LLP, a Maharashtra-based investment firm, announced it has invested ₹2 billion ($27.2 million) in solar glassmaker Borosil Renewables through a qualified institutions placement (QIP) of equity shares. In ...
German Wind Turbine Maker Senvion to Sell its Indian Arm to Dubai’s GREDHCL

German Wind Turbine Maker Senvion to Sell its Indian Arm to Dubai’s GREDHCL

Senvion GmbH, a German wind turbine manufacturer, said it has entered into contractual agreements to sell its Indian operations to Global Renewable Energy Development Holding Company Limited (GREDHCL). The company ...
/ / Wind
Month in a Minute_ Top Headlines from Indian Renewable Sector in November 2020

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020

Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
ADB Approves $430 Million to Upgrade Uttar Pradesh’s Power Distribution Network

ADB Approves $430 Million to Upgrade Uttar Pradesh’s Power Distribution Network

The Asian Development Bank (ADB) announced that it approved a $430 million multi-tranche financing facility (MFF) to improve the reliability and quality of power supply in Uttar Pradesh. The funding ...
/ / Finance and M&A, Other
Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

Ministry of Finance Reduces Performance Security Deposits For Solar Tenders to 3%

The Ministry of Finance (MoF) has issued a notification revising the performance security deposits for tenders to 3% of the contract value from the previous range of 5%-10%. This move ...
Daily News Wrap-Up_ EDF Renewables to Supply 250 MW of Solar to Steel Producer Nucor

Daily News Wrap-Up: EDF Renewables to Supply 250 MW of Solar to Steel Producer Nucor

Here are some noteworthy cleantech announcements of the day from around the world: EDF Renewables North America and Nucor Corporation have signed a 15-year virtual power purchase agreement (VPPA) for ...
/ / Other, Renewable Energy
Sterling and Wilson Solar's Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar’s Revenue Up 12% in Q2 of FY 2021

Sterling and Wilson Solar, one of the leading solar engineering, procurement, and construction (EPC) services providers, has announced the financial results for the second quarter (Q2) of the financial year ...
/ / Markets & Policy, Solar
European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 million

European Ultracapacitor Manufacturer Skeleton Technologies Raises €41.3 Million

Skeleton Technologies, an Estonia-based manufacturer of ultracapacitor-based energy storage, announced that it raised €41.3 million (~$48.5 million) in a Series D financing round from a group of investors. With this ...
ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

ADB Offers Over $10 Million to the Maldives to Swap Diesel-Based Grids with Renewables

The Asian Development Bank (ADB) announced that it approved a concessional loan worth $7.74 million and a project grant worth $2.73 million to advance the existing 'Preparing Outer Islands for ...
/ / Other, Renewable Energy