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
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 ...
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 ...
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
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 ...
Companies Come Together to Promote Sustainable Agriculture With Carbon Credits
Several global companies have committed to supporting farmers in the United States through agricultural carbon credits. Indigo Agriculture, a U.S.-based agricultural technology company, announced that it had secured commitments from ...
ADB Extends Nearly $133 Million to Modernize Meghalaya’s Power Distribution System
The Asian Development Bank (ADB) announced that it has approved a $132.8 million loan to modernize the power distribution network in Meghalaya. The loan will be utilized to support a ...
Daily News Wrap-Up: Jaguar Land Rover India Opens Bookings for its All-Electric SUV
Here are some noteworthy cleantech announcements of the day from around the world: The Cabinet Committee on Economic Affairs chaired by the Prime Minister of India Narendra Modi has approved ...
CenterPoint Properties Raises $250 Million Through Green Bonds
CenterPoint Properties, a U.S.-based industrial real-estate company, announced the closing of its inaugural green bond issuance. The company raised $250 million through the private placement of the green bonds. Green ...
Solar Wafer Maker Leading Edge Technologies Secures $7.6 Million in Series A Funding
Leading Edge Equipment Technologies, a U.S.-based silicon wafer manufacturer, announced that it secured $7.6 million through Series A financing led by Prime Impact Fund. Clean Energy Ventures and DSM Venturing ...
ReNew Power Raises $325 Million through Overseas Green Bonds
ReNew Power, an Indian independent power producer, has raised around $325 million through overseas green bonds. Green bonds are financial instruments designed to raise money for climate and sustainability-related projects ...
CLP Wind Farms Raises Nearly ₹3 Billion Through Green Bonds
CLP Wind Farms (India) said it raised ₹2.96 billion (~$40.51 million) through its green bonds - financial instruments designed to raise money for climate and sustainability-related projects and activities. The ...
Avaada to Receive $15 Million from Asian Development Bank to Expand its Solar Portfolio
The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company’s solar generation capacity ...
Allied Irish Bank Launches Green Bonds Worth €1 Billion
The Allied Irish Bank (AIB) announced that it has issued green bonds worth €1 billion (~$ 1.16 billion) to finance projects with climate change benefits. Green bonds are financial instruments ...
Power Grid to Monetize Transmission Assets of ₹70 Billion via InvIT
Earlier this week, state-owned Power Grid Corporation of India (PGCIL) received the Cabinet Committee of Economic Affairs’ approval to monetize its transmission projects through the Infrastructure Investment Trust (InvIT) model ...
Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint
Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
Sterling and Wilson Solar’s Profit Falls 63% YoY in Q1 FY 2021
Sterling and Wilson Solar Limited (SWSL), a solar engineering, procurement, and construction (EPC) company, reported a 63% fall in profits year over year (YoY) during the quarter ended June 30, ...
ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat
The Asian Development Bank (ADB) and ENGIE have signed a long-term loan agreement worth ₹4.66 billion (~ $65.6 million) to develop and operate a 200 MW (AC) solar project in ...
Solar Digital Deployment Solutions Provider Terabase Energy Raises $6 Million
Terabase Energy, a U.S.-based solar digital solutions provider for utility-scale projects globally, announced that it has secured through Series A financing, led by SJF Ventures. The company's Series A financing ...
Daily News Wrap-Up: Amplus First to Trade on Green Term-Ahead Market
Here are some noteworthy cleantech news and announcements of the day from around the world: Amplus Solar said that it became the first solar generator to trade solar electricity on ...
Visa Announces Launch of Green Bonds Worth $500 Million
Visa, a U.S.-based multinational digital financial service provider, announced that it has issued its inaugural green bond offering, totaling $500 million (~₹37.38 billion). A green bond is a fixed-income instrument designed to ...
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio
Technique Solaire, a France-based solar developer, announced that it had raised €25 million (~$29.3 million) from its partners Bpifrance and Crédit Agricole Group. This marks the second round of funding for the company ...
News Wrap-Up: Meyer Burger Buys SolarWorld’s Plant, BP to Build 50 GW of Renewables
Here are some noteworthy cleantech news and announcements from the around the world week: Meyer Burger, a Switzerland-based engineering company, announced that it had secured new locations to set up ...
ReneSola Power Raises $12 Million to Construct 19 MW of Solar Projects in Poland
Solar developer ReneSola Power announced that it had raised €10.64 million (~$12 million) through bridge funding from Eiffel Energy Transition Fund to construct 19 MW of solar projects in Poland. ReneSola ...
State Bank of Pakistan Expands Scope of its Financing Program to Include Renewables
To promote renewables, the State Bank of Pakistan (SBP) has expanded the scope of its renewable energy refinancing program, allowing financing under category III of the program to solar and ...
