India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined
Solar installations in India in Q1 2019 increased slightly at 1,737 MW, 4% growth compared to 1,638 MW installed in Q4 2018. Installations were down by 49% year-over-year (YoY) compared ...
Renewable Development Firm Lightsource BP Raises £150 million to Finance Solar Projects
Lightsource BP, a global renewable energy development firm, has raised £150 million in debt financing from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The funds will be utilized ...
Solar Project Financier PFS Announces 12% Increase in Revenues for FY 2019
Power project financier PTC Financial Services (PFS) has announced its FY 2019 results which indicate a good year for the company. The total revenue for PFS for FY 2019 was ...
Important Headlines from the Indian Solar Market in April 2019
April 2019 was a busy month for the domestic solar industry with state electricity regulatory commissions issuing orders aimed at providing relief to solar project developers. During the month, a ...
Dubai’s AMEA Power Achieves Financial Closure for a 50 MW Solar Project in Jordan
Renewable energy project developer, AMEA, has announced financial closure for a 50 MW solar project in Jordan. The company has announced that it has secured $74 million for the Al ...
Global Solar Market Receives $2.8 Billion in Corporate Funding in Q1 2019
The solar sector received $2.8 billion in corporate funding globally, including venture capital funding, public market, and debt financing. Activity across venture capital funding, public market, and debt financing were ...
ADB and ASEAN Announce $1 Billion Green Finance Facility
The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative ...
PTC India Financial and USICEF Partner to Finance Distributed Solar Projects in India
Indian infrastructure finance company, PTC India Financial Services (PFS), has partnered with the U.S.-India Clean Energy Finance (USICEF) to mobilize debt financing for distributed solar energy in India. This is ...
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO
Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
ADB to Provide $12.2 Million Financing for Renewable Projects in Africa’s Tonga
The Asian Development Bank has announced that it will provide a $12.2 million financing for renewable energy projects under the Pacific Renewable Energy Investment Facility. This facility was approved by ...
ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India
The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
ReNew Raises $375 Million Through Green Bond Issue
Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa
At its 22nd meeting, the Green Climate Fund (GCF) announced the approval of approximately $299.2 million to finance programs for electrification, combating climate change and economic development through renewable energy ...
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding
BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh
The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
India Installs 8.3 GW of Solar in 2018
The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
KfW and Bank of Baroda to Refinance Solar Projects in India
German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy
Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa
The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
Oakridge Energy Secures Line of Credit to Finance Residential Rooftop Solar Systems
Oakridge Energy, an Indian rooftop solar installer, has raised a line of credit from Maanaveeya Development & Finance Private Limited (Maanaveeya), Oikocredit’s financing arm in India. Oikocredit is a cooperative ...
Scatec Solar Closes Financing for a 47 MW Project in Malaysia
Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation
The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
IFC to Finance 50 MW Solar Project in Sierra Leone
Sierra Leone’s Ministry of Finance has signed a $40 million agreement with the International Finance Corporation, a sister organization of the World Bank, for the development of a 50 MW ...
