ADB to Provide ₹4.66 Billion Loan to ENGIE for a 200 MW Solar Project in Gujarat

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 ...
/ / Finance and M&A, Solar
Solar Digital Deployment Solutions Provider Terabase Energy Raises $6 Million

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Amplus First to Trades on Green Term-Ahead Market

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 ...
/ / Other, Renewable Energy
Visa Announces Launch of Green Bonds Worth $500 Million

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 ...
/ / Finance and M&A, Other
French Solar Developer Technique Solaire Raises $29 Million to Expand its Portfolio

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 ...
/ / Finance and M&A, Solar
News Wrap-Up_ Meyer Burger Buys SolarWorld’s Plant, BP to Build 50 GW of Renewables

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 ...
/ / Other, Renewable Energy
ReneSola Power Raises $12 Million to Construct 19 MW of Solar Projects in Poland

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 ...
/ / Finance and M&A, Solar
State Bank of Pakistan Expands Scope of its Financing Program to Include Renewables

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 ...
/ / Other, Renewable Energy
Weekly News Wrap-Up_ Canadian Solar Soon on Chinese Capital Markets, Freyr Energy Launches App

Weekly News Wrap-Up: Canadian Solar Soon on Chinese Capital Markets, Freyr Energy Launches App

Canadian Solar Inc. announced that it has decided to list its business on Chinese Capital Markets. According to its press statement, the company said it would pursue a listing of its ...
/ / Other, Renewable Energy
Africa-Based REDAVIA Gets $1.73 Million Loan to Expand its Solar Power Leasing Model

Africa-Based REDAVIA Gets $1.73 Million Loan to Expand its Solar Power Leasing Model

African solar developer REDAVIA announced that it received €1.5 million ($1.73 million) as its first catalyst loan from Energy and Environment Partnership Trust Fund (EEP Africa). REVADIA develops solar projects ...
/ / Finance and M&A, Solar
Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids

Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids

IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help ...
SunEdison Restructures Its Rooftop Solar Business

SunEdison Restructures Its Rooftop Solar Business

SunEdison Infrastructure Limited, a Chennai-based renewable energy company, has entered into a framework agreement to restructure and transfer under-construction commercial and industrial (C&I) and other businesses of the company to ...
/ / Rooftop, Solar
IREDA Has Set Aside ₹100 Billion to Indian Renewable Energy Sector in 2020

IREDA Has Set Aside ₹100 Billion for Renewable Energy Projects in 2020

Mercom India hosted a webinar on key trends shaping the Indian solar market based on its recently released India Solar Market Update report for the first quarter of 2020. The ...
Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Acquires Amsterdam-Based Electric Two-Wheeler Maker Etergo BV

Ola Electric Mobility Private Limited, a subsidiary of Indian cab aggregator Ola Cabs, announced that it has acquired Etergo BV, an Amsterdam-based electric scooter maker. The value of the transaction remained ...
Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis

Government to Inject ₹900 Billion to Help Ailing Power DISCOMs Amid Coronavirus Crisis

In a press conference in New Delhi, Finance Minister Nirmala Sitaraman announced that power distribution companies (DISCOMs) would receive ₹900 billion (~$12.03 billion) as part of the Government of India’s ...
Technology and Financing Could Unlock Underserved SMEs in Rooftop Solar_ Interview

Technology and Financing Could Unlock Underserved SMEs in Rooftop Solar: Interview

After five consecutive years of growth, the rooftop solar market in India had a rough year in 2019 with installations totaling 1.1 GW, which was a 33% decline year-over-year. Now ...
Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Wind Turbine Maker Siemens Gamesa’s Revenue Slips 7.7%

Siemens Gamesa Renewable Energy (SGRE), a wind turbine maker, has reported a 7.7% fall in revenue in the second quarter of the financial year 2020 (January-March) as a result of ...
/ / Wind
Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

Despite COVID-19 Slowdown, SolarEdge Reports 59% Rise in Revenue YoY in Q1 2020

SolarEdge Technologies Incorporated (SolarEdge), an Israel-based solar solutions provider, registered a revenue of $431.2 million (~₹32.41 billion) in the quarter ending March 31, 2020, a 59% increase from $271.9 million ...
Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Adani Green Energy Limited (AGEL), the green energy wing of the Adani Group, announced that its revenue rose 24% to ₹25.49 billion (~$339.8 million) in the financial year (FY) 2020, ...
Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwan’s Chenya Energy Receives Financing for World’s Largest Floating Solar Project

Taiwanese solar power developer, Chenya Energy Company Limited, announced that it received TWD 7.2 billion (~$239.2 million) financing for a 180 MW floating solar project in the Changhua Coastal Industrial Park ...
Another Japanese Bank Says No to Financing New Coal-Powered Projects

Another Japanese Bank Says No to Financing New Coal-Powered Projects

Japan-based Sumitomo Mitsui Financial Group Inc (SMFG) has decided not to provide support to the newly-planned coal-fired power projects. The policy change will come into effect from May 1, 2020 ...
/ / Other, Other Energy
AfDB Extends €12.46 Million for Expansion of Renewables in an African Island

AfDB Extends €12.46 Million for Expansion of Renewables in an African Island

The African Development Bank (AfDB) announced that it would donate €12.46 million (~₹1.05 billion) to finance the Energy Transition and Institutional Support Program (ETISP) in the Democratic Republic of São ...
AfDB and Nigeria Launch National Electrification Project to Boost Energy Access

AfDB and Nigeria Launch National Electrification Project to Boost Energy Access

The African Development Bank (AfDB) and the Government of Nigeria announced the launch of their National Electrification Project (NEP), which aims to help improve access to energy by promoting private ...
/ / Grid, Other
Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Receives ₹5 Million Loan to Provide Solar for Non-Profit Entities

Fourth Partner Energy, an Indian distributed solar energy firm, has received a loan of ₹5 million (~$67,167), from Grameen Impact India (GIII), a non-banking finance corporation (NBFC) registered under the ...
IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

IFC to Invest Over ₹18 Million in Rooftop Solar Projects in West Bank

The International Finance Corporation (IFC), the financial wing of the World Bank Group, and Massader, a subsidiary of the Palestine Investment Fund (PIF), announced that they signed a loan agreement ...