financing

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Rooftop Solar and EV Financing Firm Ecofy Secures ₹900 Million

Non-banking financial company Ecofy has secured an investment of ₹900 million (~$10.83 million) from FMO, a Dutch entrepreneurial development bank, to facilitate product...

January 25, 2024

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Staff

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Finance and M&A

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Other
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State Bank of India Raises $250 Million Through Green Bonds

State Bank of India (SBI) has issued $250 million senior, unsecured, green floating rate notes through private placement facilitated by its London branch, set to mature...

January 16, 2024

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Arjun Joshi

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Finance and M&A

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Other

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Renewable Energy
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Adani Green Promoters to Infuse ₹93.5 Billion to Accelerate Renewable Deployment

Renewable energy developer Adani Green Energy will raise ₹93.5 billion ($1.1 billion) through preferential issuance of warrants to its promoters, which include Ardour...

December 26, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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REC to Increase Renewable Energy Loan Portfolio from 6% to 30% by FY30: Interview

In an exclusive interview with Mercom India, V K Singh, Director (Projects) at REC Limited, discusses the role the government-owned infrastructure finance company aims...

November 30, 2023

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Satish Shetty

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Renewable Energy
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IREDA’s Status Upgraded to ‘Schedule A’ CPSE, Paving the Way for ‘Navratna’ Status

The Indian Renewable Energy Development Agency (IREDA) has been elevated from ‘Schedule B’ to ‘Schedule A’ Central Public Sector Enterprise...

October 4, 2023

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Staff

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Other

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Renewable Energy
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Tata Power Secures $425 Million for Solar Manufacturing Facility in Tamil Nadu

The U.S. International Development Finance Corporation (DFC) has approved $425 million in financing for Tata Power Renewable Energy’s (TPREL) upcoming 4.3 GW greenfield...

September 11, 2023

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Satish Shetty

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Finance and M&A

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Manufacturing

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Solar
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Swift Current Energy Secures $779 Million for 593 MW Solar Project in US

Swift Current Energy, a U.S.-based utility-scale renewable developer, has secured $779 million in financing for its Double Black Diamond Solar project, with a capacity...

August 9, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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EIB to Fund an Additional $50 Billion for Clean Energy Manufacturing in EU

The European Investment Bank (EIB) Group has approved raising the funding volume for clean energy projects developed under the European Union’s (EU) REPowerEU plan and...

July 13, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Endesa Secures $545 Million to Develop 4.8 GW of Renewable Projects in Spain

Endesa, a Spain-based electric utility company, has signed sustainability-linked financing agreements worth €500 million (~$545.7 million) with Instituto de Crédito...

July 3, 2023

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Gourav Mishra

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Finance and M&A

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Other
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World Bank’s $1.5 Billion Loan to Support India’s Low-Carbon Energy Transition

The World Bank Group’s Board of Executive Directors has approved $1.5 billion in financing to accelerate the development of low-carbon energy in India by scaling-up...

June 30, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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Lack of Reliable Financing and Data Affects Cost of Capital for Renewables

The International Renewable Energy Agency (IRENA), in a recent report, has revealed a method used to calculate the cost of capital for clean technologies to help...

June 30, 2023

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Gourav Mishra

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Finance and M&A

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Other
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India Could Attract $500 Billion Funding for 450 GW Renewables Goal by 2030

India could attract massive investments to fund the ambitious renewable capacity addition currently underway to meet the 450 GW capacity target by 2030. It allows...

May 2, 2023

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Satish Shetty

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Finance and M&A

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Other

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Renewable Energy
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Financing Renewables in India – Where Investments are Coming From

The shift towards clean energy is gaining momentum, and with it comes the challenge of financing large-scale renewable energy projects. While renewable energy costs have...

April 10, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Nordex Completes $391 Million Green Convertible Bonds Placement

Germany-based wind turbine manufacturer Nordex has placed €333 million ($391 million) worth of new green convertible bonds due in 2030. The bonds, with a denomination of...

April 6, 2023

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Arjun Joshi

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Finance and M&A

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Other
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Government Approves Renewable Sector Lender IREDA’s IPO

The Indian Renewable Energy Development Agency (IREDA) has received the cabinet nod for listing on stock exchanges after an Initial Public Offering (IPO) via a part sale...

March 20, 2023

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Satish Shetty

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Other

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Renewable Energy

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